News: Report: Virginia Clean Power Plan Will Lower Consumer Electricity Rates
Implementation of the new requirements coming via the US Environmental Protection Agency’s Clean Power Plan will result in the lowering of consumer electricity rates in Virginia, according to a new report from Public Citizen.
The new report — “Clean Power, Clear Savings” — states that, under the Clean Power Plan, electricity rates might rise slightly, before then dropping. The projected net effect will then be that bills will be slightly higher in 2020, and then decline steeply thereafter in 2025–2030 (potentially lowering average bills by as much as $147 a year). The report also notes that Virginia’s electricity consumption is currently expected to decrease by up to 8.4% by the year 2030.
Read the full story. (Clean Technica)