Illinois coal plant closures will cause rates to spike
This Chicago Tribune article is joining in the growing chorus of media outlets that are finally reporting on the expected economic impacts of strict new environmental regulations.
Illinois residents will soon be encountering electricity rate increases of as much as 60% as pressure from green groups and EPA regulators begin to force the closure of low-cost, reliable coal-fueled plants around the state.
The unrepentant and uncaring attitudes of these groups shines through in the article as they attempt to paint their actions as helping to protect Illinois residents. No word from these groups, however, on why they are also protesting and blocking every new proposal for the construction of new, more efficient, and cleaner technologies like IGCC and super and ultra super critical coal. Their actions are ensuring that prices continue to “necessarily skyrocket” and tens of thousands of jobs are lost as we are blocked from using our most abundant, inexpensive, and secure domestic energy resources.
As stricter environmental regulations approach, some power generators are choosing to shutter their coal-fired plants.
Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.
The reason: Pending environmental regulations will make coal-fired generating plants, which produce about half the nation’s electricity, more expensive to operate. Many are expected to be shuttered.
The increases are expected to begin to appear in 2014, and policymakers already are scrambling to find cheap and reliable alternative power sources. If they are unsuccessful, consumers can expect further increases as more expensive forms of generation take on a greater share of the electricity load.