EPA regulations will raise your electric bills, threaten the grid(Read article summary)
EPA rules for compliance could force some plants to close because they don't have time for a retrofit.
Montana Electric Cooperatives Association/Ryan Hall/File
EPA regulations are going to raise your familyâ€™s electricity bills, and hurt the bottom-line of countless small businesses. And the Government Accountability Office recentlyÂ released a reportÂ finding four different regulations wonâ€™t just hurt your finances, they can hamper America in another way: threatening the stability of the electrical grid.
Grid reliability is imperative for any developed nation. Along with our transportation systems, itâ€™s the backbone of commerce.Â According to the prominent experts at ICF Consulting, the 2003 New York City blackout cost the nation between $6.8 and $10Â billionÂ dollars.
And yet EPA regulations are so hastily enacted, they can actually harm the reliability of the grid. The WashingtonÂ ExaminerÂ recently observed why:
The EPAâ€™s timeline for complying with the new rules could cause some plants to close that could have been retro-fitted had the owners had more time to do soâ€¦Â EPA believes that â€śa moderately-pacedâ€ť effort to retrofit the coal plants will suffice, but coal industry representatives say it â€śmight be challenging to complete retrofits or retirements by the compliance deadline for MATS,Â in some cases.â€ť The main difficulty, they warned, would be the regulatory approvals that must be received in order to carry out the retrofits.
And I agree, as I recently wrote in theÂ National Journal:
The EPAâ€™s approach over the past few years has been short-sighted and dangerousâ€¦ for the past few years, this EPA has sought to remove coal from our nationâ€™s energy mix. Since 2008, the EPA has released an onslaught of regulations on the coal industry â€¦ that will result in increased energy prices, lost jobs and less reliable electricity for millions of American families and businesses.
The governmentâ€™s own investigator has found this to be true. And the U.S. Court of Appeals just recently highlighted this by telling the EPA that their rule wasnâ€™t just poorly conceived, itÂ overstepped their regulatory boundaries. Itâ€™s time for the EPA to start evaluating the wisdom of their policies, and exercise restraintâ€”before the unintended consequences becomes terrible realities.