The price we pay for power in the
future will depend on the kind of
power plants we invest in. That’s
according to a report that examines
proposed climate change regulations.
Shawn Allee has more:
Transcript
The price we pay for power in the
future will depend on the kind of
power plants we invest in. That’s
according to a report that examines
proposed climate change regulations.
Shawn Allee has more:
The Energy Information Administration is the federal government’s crystal ball when it comes to energy policy.
The EIA looked at the House version of a big climate change bill. The Senate takes it up next month.
Forecast director John Conti says new regulations could cost each household between $12 and $227 more each year within a decade.
Conti says there’s a range because it’s not exactly clear how much it’ll cost to switch to low-carbon power sources, like nuclear.
“For most technologies, you have a good idea of how much they’re going to cost. Of course, we haven’t built a nuclear plant in twenty or so years and, as a result, there’re varying cost estimates and people can debate, I think, for a large extent, until that first plant is indeed built.”
Conti says power bills could also fluctuate based on whether we develop cheap low-carbon coal technology.
For The Environment Report, I’m Shawn Allee.