Nick Fetty | July 31, 2015
Two recent studies find that the Environmental Protection Agency’s effort to reduce carbon emissions could lead to lower electricity bills for Iowa consumers.
Synapse Energy Economics conducted the first study which examined the projected economic impact of EPA’s Clean Power Plan. The study concluded that participation in energy efficient programs could save the average U.S. household $35 per month on electricity bills by 2030, with even greater savings for Iowa consumers.
“Iowa households taking advantage of energy-efficiency programs under the proposed Clean Power Plan would save $83 a month on average and their bills would be $41 a month in 2030,” principal economist Elizabeth Stanton told the Public News Service.
The other report, from the Georgia Institute of Technology, used modeling to predict that EPA’s plan would lead to lower electricity bills and could also lead to job creation and other economic benefits.
However despite the findings in the two studies, the Spencer Daily Reporter reports that Spencer (Iowa) Municipal Utilities general manager Steve Pick doesn’t expect the plan to have much of an impact on electricity bills for his customers. Pick cited that the two plants which serve Spencer are already up to efficiency standards so the plan wouldn’t change much. Pick added that electricity prices in Spencer are already the lowest in the state and again wouldn’t be affected by EPA’s plan.
The Clean Power Plan is expected to be finalized later this summer.