By Alan Neuhauser |
Stop us if you’ve heard this before: “Just say no.”
That’s the slogan of some conservative lawmakers who are urging states to resist a proposed federal rule limiting carbon emissions from existing power plants.
The measure, the Environmental Protection Agency’s Clean Power Plan, would drive up electricity rates and undercut reliability, opponents allege.
“The Obama administration’s so-called ‘clean power’ regulation seeks to shut down more of America’s power generation under the guise of protecting the climate,” Senate Majority Leader Mitch McConnell, R‑Ky., wrote in a March 3 op-ed in the Lexington Herald-Leader. “States report that the regulation’s mandates are not technologically achievable, cannot be implemented under rushed timelines and threaten both state economies and energy reliability for families.”
The arguments echo those by Americans for Prosperity, a political advocacy group backed by billionaire industrialists Charles and David Koch. Yet, just like that group’s claim that “there is great controversary [sic] as to whether global warming is actually happening,” it’s a narrative that may be misguided, according to a report published this week.
In states that led in renewable electricity generation, retail energy prices were initially higher than the national average, but soon became comparatively cheaper.
The analysis by venture capital firm DBL Investors found that states with the highest proportion of electricity generation from renewable sources like solar and wind actually experienced cheaper-than-average retail prices compared to states with the smallest shares of green energy.
“Looking ahead, retail electricity prices and the entire electricity market are ripe for change,” DBL managing partner and report co-author Nancy Pfund said in a statement. “Reliance on renewables will continue to grow as their costs decline, and as states shift away from a fossil fuels focus and move towards a cleaner energy future.”
It’s worth noting DBL is a firm that specifically backs clean energy companies. Yet its report – which compared the 10 states with the greatest share of renewable electricity generation to the 10 with the least – did find a marked difference between the two groups.
To read the full article, visit U.S. News & World Report.