e360 digest
13 May 2009:
Moderate Rise in Utility Bills
Projected in Study of Cap-and-Trade Law
A Texas study projects that the average household would pay $17 to $27 more a month by 2013 if the U.S. Congress passes carbon cap-and-trade legislation. The Electric Reliability Council of Texas (ERCOT), which operates the state’s power grid, projected that utility bills could rise by $27 if electricity use remains the same, and by as little as $17 if higher energy prices created by cap-and-trade legislation encourage consumers to use less energy. In March, the average utility bill in Texas ranged from $110 to $160. Analysts said the ERCOT study did not consider a major long-term benefit of cap-and-trade legislation: The accelerated development of renewable energy and energy efficiency technologies brought about by rising prices for fossil fuels.
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