• The Truth About EPA’s Costly Carbon Regulations

    Low-cost, reliable electricity from coal powers households and businesses across America. But proposed regulations from the Environmental Protection Agency will jeopardize our access to affordable power and cause electricity prices to skyrocket. New analysis from NERA Economic Consulting reveals significant negative economic impacts resulting from EPA’s proposed CO2 emissions regulations, as the costs to comply with the plan could total $366 billion, or more, in today’s dollars. Consumers will ultimately foot the bill for these rising costs, which include double-digit electricity price increases in 43 states, with 14 states potentially facing peak year electricity price increases exceeding 20 percent.

    Check out the full report to see just how devastating EPA’s plan is for America’s consumers.

By the Numbers: The Real Impacts of EPA’s Clean Power Plan

The new NERA report estimates that EPA’s Clean Power Plan could cost consumers and businesses a staggering $41 billion or more per year, far outpacing the costs of compliance for all EPA rules for power plants in 2010 ($7 billion) and the annual cost of the Mercury and Air Toxics Standards rule ($10 billion). The analysis also finds that additional coal retirements would total 45,000 megawatts or more of coal-based electricity, posing a major threat to electric reliability in many parts of the country.

Despite these significant impacts, EPA’s proposal would have virtually no effect on climate change, reducing atmospheric CO2 concentration by less than one-half of a percent, lowering global average temperature by 2/100th of a degree, and reducing sea level rise by 1/100th of an inch—equal to the thickness of three sheets of paper.

What Does EPA's Plan Mean to Your Home State?