Analysis: Clean Power Plan will Save Consumers Money

August 4, 2015

Careful. Word’s getting out in the Heartland.

Cache Valley Daily, Logan Utah:

SALT LAKE CITY – The Clean Power Plan, which President Obama finalized Monday, is expected to help energy consumers in Utah and around the country save money on their utility bills.

Synapse Energy Economics, which developed a model that includes investments in renewable energy and energy efficiency in a new report, found the average Utah household participating in energy-efficiency programs will save $39 per month on its electric bill in 2030.

Economist and report co-author Elizabeth Stanton said there will also be far less carbon emissions.

“It not only achieves the requirements of the EPA’s proposed Clean Power Plan, but it actually exceeds them in terms of having even greater emissions reduction,” said Stanton.

KMA, Shenandoah, Iowa:

(KMAland) — According to two new reports, Missouri can help its residents save money while cutting carbon emissions as the state implements the Environmental Protection Agency’s Clean Power Plan.

Elizabeth Stanton, principal economist with Synergy Energy Economics, which put together one of the reports, says if states like Missouri invest heavily in renewables and increased efficiency to comply with the plan, the savings will follow.

“Missouri households taking advantage of energy-efficiency programs under the proposed Clean Power Plan would save $44 a month on average and their bills would be $92 a month in 2030.”

The EPA’s Clean Power Plan aims to reduce emissions from existing fossil-fuel power plants by 30 percent below 2005 levels by the year 2030.

While critics have claimed the plan will hurt consumers and cut jobs, the Synapse report and another analysis from Georgia Institute of Technology conclude that a clean power path would benefit the economy and job creation.

Marilyn Brown, a public policy professor, School of Public Policy at Georgia Tech, says their model looked at implementing the Clean Power Plan with a combination of renewable and energy-efficiency policies plus a modest price on carbon.

She says that would translate to lower bills not just in Missouri, but nationwide.

“We see a reduction of, depending on the state,” she says. “Anywhere from 5 to 10 percent rather than an increase.”


One Response to “Analysis: Clean Power Plan will Save Consumers Money”

  1. Careful. Word’s getting out in the Heartland.

    WUWT, “…the world’s most viewed climate website”

    Will Obama’s energy plan save you money?

    “Back in 2009, Obama said that his energy plan will cause energy bills to skyrocket.” ….

    “…What has changed since 2009, other than a cap and trade system being replaced with straight out energy regulation? The new plan seems to call for the same expensive power plant changes, which Obama said would cause energy bills to skyrocket, when he spoke back in 2009.”

    (Ps. any truth to the notion that I’m paid ClimateCrocks bonuses in a conspiracy effort to boost the comment count here?)

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