New numbers reveal EPA’s plan will send electricity prices soaring

New analysis from NERA Economic Consulting on the Environmental Protection Agency’s final carbon rule for existing power plants reveals what we’ve been saying all along –consumers and businesses will be hit hard by skyrocketing electricity price increases. With its expensive price tag of nearly $300 billion, you would expect to see significant environmental benefits, right? Wrong. The so-called Clean Power Plan will have no effect on its purported claim of reducing global greenhouse gas emissions.

Here’s a rundown of how the dice fall if EPA’s rule goes into effect:

  • States get hit hard. Utah, North Dakota and Wyoming are disproportionately affected by the costly power plan and will experience electricity rate increases in excess of 40 percent.
  • Cap and trade by another name still means higher electricity rates. EPA claims its cap and trade lookalike scheme is cost-saving and “efficient” but NERA’s analysis proves otherwise showing a national average increase as high as 14 percent.

These numbers are especially dire for the 59 million middle- and low-income families who bring home on average less than $2,000 a month and already spend 17 percent of their hard-earned dollars on energy. To make ends meet and keep the lights on, they’ll have to shave precious dollars off of other necessities like groceries and health care.

The conclusion of NERA’s analysis is clear: higher electricity prices are on their way courtesy of EPA. It’s time the president and his bureaucratic chums look at the math and determine if they’re really willing to put our country’s families into financial turmoil in order to fulfill their political goals.

For a full picture of the how the numbers will play out if the president and EPA have their way, click here.

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.@Sen_JoeManchin: major policy shifts should take into account everyone who will be affected // //

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What’s at stake? Whether entire industries & the jobs they support, can be wiped out by unilateral executive action. //

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.@HoppyKercheval: #CPP ignores the separation of powers and turns federalism on its ear. //

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RT @ha_nah_nah: Fresh from court, it's W Va AG Patrick Morrisey: "strong arguments" were made against constitutionality of #CPP. //t.

America's Power
America's PowerSep 9 at 1:00am
Today’s the day. The D.C. Circuit Court of Appeals will hear oral arguments on EPA’s power plan. If it goes through, the ruling will have lasting consequences across the U.S.—jobs will be lost, economies will suffer, low- and middle-income families will struggle to pay rising electricity costs. That’s why it’s so important to know the facts. Saying no to the power plan means saying yes to affordable, reliable coal-based electricity.