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Fri Jul 24, 2015, 03:40 PM

Climate rule to bring lower energy bills, report says

Climate rule to bring lower energy bills, report says
By Timothy Cama - 07/23/15

States can significantly lower electricity bills for consumers and businesses if they take the right steps in complying with the Obama administration’s climate rule for power plants, a new report concludes.

Specifically, Synapse Energy Economics analyzed what would happen if states focused their efforts on expanding carbon-free energy production and energy efficiency programs, and found big savings.

“For the two-thirds of residential consumers who participate in ratepayer-funded energy efficiency programs under this scenario, 2030 bills are expected to be $35 per month lower than in a business-as-usual ... scenario and, on average, $14 per month cheaper than residential bills were in 2012,” Synapse concluded.

Synapse’s findings go further than predictions from the Environmental Protection Agency (EPA), which also forecasts lower energy bills, but only by about $8 per month compared with what would have happened without the climate rule.

And it contrasts with the conclusions of many opponents of the regulation...

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