How will Clean Energy Legislation Affect Energy Prices?
As debate heats up around the proposals for clean energy legislation in Congress, one of the main points of contention is the amount of money it will cost. More specifically, everyone wants to know how the average American household will be impacted by the respective energy bills in the House (Waxman-Markey’s American Clean Energy and Security Act) and the Senate (Kerry-Boxer’s Clean Energy Jobs and American Power Act).
This article will investigate the change in energy prices one can expect from legislation that could be passed within the coming months, and try to sift through the wide discrepancy in figures that are being tossed around. Then some recommendations will be presented as to how energy usage can be reduced, to preempt any anticipated rises in cost.
How much will it cost?
How much more money per year should a typical American household expect to pay if clean energy legislation were to pass? Depending on where one gets their information from, this figure varies hundreds of dollars!
Although it may be difficult to agree on how many more dollars Americans can expect to pay from clean energy legislation, nearly every study concurs on one fact — we can expect energy prices to increase in the future with the passage of a clean energy act.