The U.S. Environmental Protection Agency (EPA) has proposed sweeping regulations that would require states to reduce carbon dioxide emissions from the electricity sector by an average of 30 percent nationally. This costly plan is another step in the administration’s policies designed to eliminate low cost and reliable electricity and replace it with expensive and less reliable sources. The impact of this regulation will be felt by all Americans, as the electricity bills will become expensive.
The U.S. manufacturing base will become less competitive because of higher electricity prices. Families will have less disposable income as they spend more to light and heat their homes. Seniors and those on fixed incomes will be forced to pay a disproportionately higher share of their monthly budget on utilities. EPA’s plan is leading towards an uncertain energy future for America.
Families on Fixed Incomes and Elderly Americans Will Pay the Price as low income families and households are vulnerable to higher and more volatile energy costs. More than half of American households devote over 20 percent of their family budget to energy costs, which is more than double compared to ten years ago. Policies that hike the price of electricity will break those already on tight budgets. Seniors should not have to choose between buying groceries or heating or cooling their homes.
Communities Will Lose Jobs, which is shown by a recent EPA rule known as MATS that has resulted in the announced closure of 77 coal-based power plants, which can generate enough power for 15 million homes. Experts say that a total of 209 coal-based power plants will permanently close due to this rule. Economy-wide, the rule is forecast to result in 835,000 jobs lost by 2020. Communities will lose jobs, as well as the tax revenue needed to support local government services, schools and hospitals will be impacted.
Businesses and Manufacturing Will Face Higher Energy Costs, as US manufacturing uses about one third of energy produced in the United States. Manufacturers rely on secure and affordable energy to compete in a tough global market. These EPA regulations threaten manufacturers' global competitiveness on millions of manufacturing facilities, farms, energy providers and other stationary sources, impacting every aspect of the US economy.
As a nation, Americans need to take action and write to their Members of Congress, State's Governor, or Attorney General click here.
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