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Tipsheet

EPA's New Clean Coal Rule Would Increase Power Prices by 70 to 80 Percent

Well it appears the Department of Energy, which has long lobbied for more clean energy, is now finding that this clean energy is a lot more expensive than they thought it would be. The Obama administration’s plan to fight global warming was to limit carbon dioxide from new power plants. So in order for new coal plants to be built, they would need to spend a lot of money on carbon capture and storage technology.

I guess the EPA then forgot to think about the next logical step. If the power plants have to spend more money on this technology, they are going to have to pay for it somehow; hence the higher prices for consumers.

The deputy assistant secretary for clean coal at the Department of Energy told House lawmakers that this new technology will cause wholesale electricity prices to rise by 70 or 80 percent.

So what doesn’t seem to be clear is why this even becoming law. This is not helping the American people. Even though these are the estimates for the first generation of increases, the second generation is not much better and is still higher than what we currently pay.

I don’t know about you, but I thought the government was supposed to be helping me. Instead these new “clean coal” laws are hurting me. Energy is already so expensive, and without exploring more energy resources, we are not going to be able to afford this much longer.

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