Rescinding Clean Power Plan a Positive Step Toward Free Market for Electricity
rescinding of the Clean Power Plan is a positive step toward freeing energy producers to supply the indispensable value of electricity to American families and businesses in the most efficient manner possible
By Institute for Energy Research —— Bio and Archives--December 13, 2017
Global Warming-Energy-Environment | Comments | Back To Full Article
The Environmental Protection Agency (EPA) in early October announced it would rescind yet another signature Obama administration policy: the electricity regulation known as the Clean Power Plan (CPP).
As with President Trump’s Paris climate agreement withdrawal announcement earlier in 2017, the CPP decision has been met with acrimony. But producers and consumers of electricity alike—which is to say, all of us—should rejoice to be rid of this deal, which was rotten even on its own terms.
According to a study by NERA Economic Consulting, under the CPP, 23 states could have experienced retail electricity rate increases of 10% to 20%; seven states could have seen rates jump 20% to 30%; and 10 states could have experienced increases of a whopping 30% or more.Welcome to CFP’s Comment Section!
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