Study claims EPA’s Clean Power Plan may hike electricity prices in 47 states

Critics of the Environmental Protection Agency‘s Clean Power Plan say the new regulation will cost up to $292 billion and potentially raise electricity prices in 47 states.

“States should be braced to pay higher costs,” said Laura Sheehan, senior vice president for communications for the American Coalition for Clean Coal Electricity. “Consumers only lose in the Clean Power Plan.”

The numbers came from NERA Economic Consulting, a firm based in Boston that said it used state-of-the-art economic modeling to get its results.

In an email to Watchdog.org, EPA officials disagreed with the NERA study, which was funded by the American Coalition for Clean Coal Electricity and is dead-set against the Clean Power Plan.

“EPA has not reviewed this report,” the agency email said. “EPA’s extensive analysis shows that the CPP is effective, achievable and affordable.”

EPA has estimated the CPP will cost $8.4 billion but will deliver climate and health benefits worth an estimated $34-$54 billion per year in 2030.

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