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Chart of the Day: Clean Power Plan Will Increase Electricity Costs in Most of the Country

Comments | Posted in Charts | By Nick Novak | Posted November 17, 2015 5:00 AM

MacIver News Service | November 17, 2015

[Washington, D.C...] The Clean Power Plan will cost up to $292 billion and could raise electricity prices almost every single state, according a new study released by the American Coalition for Clean Coal Electricity. NERA Economic Consulting derived the numbers using what it called state-of-the-art economic modeling.

Today's chart of the day shows the estimated cost increases during peak usage. Wisconsin is one of 28 states which is expected to see a 20 percent increase in peak electricity costs.

The MacIver Institute published a study in conjunction with the Beacon Hill Institute at Suffolk University on the enormous costs of the Clean Power Plan back in January. The regulations would cause 20,995 job losses and $1.82 billion less in disposable income in the state of Wisconsin alone.

Wisconsin has now filed two lawsuits against the federal government related to the Clean Power Plan, joining 25 other states to do so.

Read more at Watchdog.

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