EPA Clean Power Plan will add $214 Billion to Wholesale Electricity Prices
A new study by Energy Ventures Analysis has found that the EPA’s Clean Power Plan (CPP) will add $214 Billion to wholesale electricity prices by 2030. This is the second study this month that has predicted significant new costs for American energy users as a result of the CPP.
Far from being cost neutral or even cost-free, as the Obama administration has tried to claim, the CPP will have massive, nationwide impacts on electricity prices and system reliability. Among this new study’s findings,
- 45 states will face double digit price increases
- 16 states will have price increases of 25% or more
- $64 billion in additional (unnecessary) costs will be ladled onto rate payers to cover the cost of replacing prematurely closed power plants
Be sure to read the rest of the National Mining Association’s news release on this important study. Readers can also download this new study via this page.