A big part of public policy debates involves countering misleading claims. In this regular feature, I highlight important facts about the key issues being debated around Washington, D.C.
Claim: EPA’s carbon regulations will save people money.
What you need to know: EPA Administrator Gina McCarthy claims her agency’s Clean Power Plan, a forced reengineering of America’s power grid, will “save us billions of dollars every year.”
The Supreme Court put a break on its implementation until the plan’s legality is settled.
The truth is the Clean Power Plan will make electricity more expensive. NERA Economic Consulting found that 40 states could see an average retail electricity price increase of 10% or more.
Two states, North Dakota and Utah could see rate increases of 43%.
Even EPA admits its regulations will cause electricity prices to rise.
Despite what EPA says, its carbon regulations will mean higher electricity prices.