Wright clarifies that Trump only suspended enforcement of the secondary sanctions on countries trading with Russia, mainly China and India, rather than ending them.
He [Trump] didn’t end the Lindsey Graham sanctions. He’s just suspended the enforcement of that for now.
Wright says DOE grants are now prioritized by whether they lower electricity rates for local customers.
In our Department of Energy, when evaluating where to direct grants, the main criterion is whether they will lower rates for people in that county and in that utility's service area.
Wright warns that Virginia rejoining RGGI will complicate new energy development and raise energy prices.
The newly elected governor has rejoined the Regional Greenhouse Gas Initiative, known as RGGI. This is a sure way to complicate the development of new energy resources and is guaranteed to increase energy prices.
Wright highlights reconductoring and dynamic line rating on existing lines as a faster way to deliver more power than building new lines.
we use existing power lines rather than building new ones because that's slow, and we do wire replacement, meaning we replace the main cable with one that can carry more electricity. And then on additional sections of cable, we implement dynamic line rating technology
Wright criticizes the Biden-era DOE for ignoring cost impacts in grants, which he says raised energy costs.
Ironically, this was in stark contrast to what the Department of Energy was doing under the Biden administration. All their funding didn't even consider the cost impact, they were allocating grants and taxpayer money , which almost certainly resulted in more expensive energy as a result.
Wright blames Democratic climate policy for restricting energy growth and driving up prices, claiming electricity is nearly 50% costlier in Democrat-run states.
Electricity prices are almost 50% higher in states run by Democrats,” he said Oct. 1 on Fox News. “For 17 years since President Obama came to office, the Democrat position has been to constrict the growth of energy and drive the prices up so Americans could afford less and we would solve climate change.
Wright claims red states following federal policy saw no real electricity price rise under Trump, with above-inflation increases confined to states with aggressive climate policies.
Electricity prices in red states that have followed the United States federal policy have not seen a rise in inflation-adjusted electricity prices during the Trump administration,” he said. “Electricity price rises that are well above inflation are all limited to states with aggressive climate policies. California, Massachusetts, New England — those are the places with the fastest rise and the most expensive electricity prices.