Study Shows Affordable Coal-Based Electricity is Critical to Low- and Middle-Income Families
June 8, 2016
WASHINGTON, D.C. – Increases in energy prices hit lower-income and middle-income families the hardest, according to a study released today by the American Coalition for Clean Coal Electricity.
The 2016 study is an annual update to the “Energy Expenditures by American Families” based on data compiled from the U.S. Bureau of Labor Statistics, the U.S. Census Bureau, and the U.S. Energy Information Administration.
According to the analysis, 40 percent of American families (51 million households) take home an average of $1,643 each month and spend 17 percent of that on energy bills. The poorest 25 million families spend 22 cents of every dollar they take home on energy.
“It is a sad fact that family incomes have been declining, and that forces families to make difficult decisions whether to spend their shrinking take-home pay on food, clothing, health care, or electricity,” said Mike Duncan, President and CEO of ACCCE. “Using all of our country’s abundant resources, including coal, helps lower- and middle-income families by keeping electricity prices affordable.”
Electricity from coal is 92 percent cleaner than it was in the 1970s, and the industry will have spent more than $122 billion by the end of next year to further reduce emissions.
The American Coalition for Clean Coal Electricity is a partnership of the industries involved in producing electricity from coal. Coal, an abundant and affordable American energy resource, provides nearly 35 percent of our power. By 2019, the coal-based power industry is expected to have invested more than $126 billion to reduce emissions and to use this critical resource more cleanly and efficiently than ever before.