Renewable Electricity Standard Would Save Consumers Billions in Utility Costs
(Page 2 of 2)
Feb. 26, 2009
From the Union of Concerned Scientists
Analyses by the federal government have come to similar conclusions. More than 20 economic analyses of national standard proposals over the last decade have found that a federal renewable electricity standard is achievable and affordable, despite the electric utility industry's claims to the contrary. For example, a 2007 Energy Information Administration (EIA) study, which used very pessimistic assumptions, found that consumers would save $2 billion on electricity and natural gas bills from 2009 to 2030 under the 25-percent-by-2025 standard.
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In addition to saving energy consumers money, UCS' preliminary analysis indicates that, by 2025, the Markey-Platts standard would cut heat-trapping carbon dioxide emissions by 284 million metric tons, the equivalent of cutting pollution from 46.4 million cars"We all know we need to transform our energy system into a cleaner, more reliable one," said Marchant Wentworth, a Washington representative with the UCS Clean Energy Program. "This new analysis shows we can move toward a clean energy future and save people money. It's not an either-or proposition."
The Union of Concerned Scientists is the leading science-based nonprofit organization working for a healthy environment and a safer world. Founded in 1969, UCS is headquartered in Cambridge, Mass., and has offices in Berkeley, Calif., Chicago and Washington, D.C. For more information, visit the UCS website.
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