Great news on the energy reform front from the Environmental Protection Agency. Per The Wonk Room:
The main argument conservatives and big oil and coal companies use against the American Clean Energy and Security Act (H.R. 2454) is that it would cripple American households with a crushing energy tax. To make that claim, they have distorted cost estimates from the Massachusetts Institute of Technology and conducted their own biased studies. Today, the Environmental Protection Agency obliterated these phony numbers with the release of its economic analysis of H.R. 2454. The EPA estimated the bill would actually lower household electricity bills:
As a result of energy efficiency measures, consumer spending on utility bills would be roughly 7% lower in 2020 as a result of the legislation.
That’s right — lower bills. In 2007, this would have saved the average residential user $84, or 23 cents per day. EPA’s analysis also found:
The overall impact on the average household, including the benefit of many of the energy efficiency provisions in the legislation, would be 22 to 30 cents per day ($80 to $111 per year).
This shouldn’t come as a surprise. Frankly, it’s becoming quite funny in it’s predictability. Regardless of the issue, when the right starts screaming “change is going to kill you!”, it comes out that the opposite is true. Instead, we have to endure lame candle stunts and ads like this.