EPA Regulations To Raise Power Costs 37 Percent By 2020

Thanks Hussein.

Electricity prices are already increasing at record levels and Environmental Protection Agency rules will only force power prices up even higher as the agency finalizes a slew of regulations aimed at the power sector.

A report by Energy Ventures Analysis found that the EPA underestimates how much its power plant regulatory regime will raise electricity and natural gas prices by imposing new regulations on power plants, most recently being the agency’s rules to cut carbon dioxide emissions from new and existing power plants.

These new rules to tackle global warming, combined with other rules to reduce more traditional air pollutants, will dramatically increase Americans’ utility bills by 2020, according to EVA’s report which was sponsored by the coal company Peabody Energy.

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