Clean Power, Clear Savings: Virginia Report

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From Public Citizen, Protecting Health, Safety and Democracy:

Virginia: Clean Power, Clear Savings
The EPA Clean Power Plan Will Cut Virginia Electricity Bills

July 9, 2015

A new report by Public Citizen shows that Virginia consumers will see lower electricity bills under the U.S. Environmental Protection Agency’s plan to cut carbon pollution.

In June 2014, the EPA introduced a proposal to curb carbon pollution from existing power plants, a critical step to address climate change in the U.S. The proposal, dubbed the Clean Power Plan, asks each state to design its own strategy to achieve carbon reduction targets by 2030 and is expected to be finalized by August 2015.

The EPA rule will require Virginia to reduce its carbon pollution by 38 percent by 2030. The Clean Power Plan presents a great opportunity for Virginia not just to fight climate change, but to lower electricity costs for consumers and boost its economy.

Key Findings:

  • Based on the EPA’s conservative data, by 2030, electricity bills will be 7.7 to 8.4 percent lower under the Clean Power Plan, saving the average Virginian household $135 to $147 annually.
  • Under the Clean Power Plan a typical Virginian household will pay $1,615 to $1,627 for electricity in 2030; without the Clean Power Plan it will pay $1,762.
  • Virginia could see even greater savings than the EPA’s data suggest because the agency omits entire categories of efficiency measures that states can use, such as building codes and appliance standards.

More here.

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