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Rate Impact of Clean Power Plan

Federal government estimates power cost rise under its climate plans

Average retail electric rates in the United States could climb to as much as 11 cents per kilowatt-hour by 2030, up from about 10 cents currently, according to a report by the U.S. Energy Information Administration.

The Obama administration clean power plan, currently under a Supreme Court stay as it is litigated, would dramatically alter the power generation landscape. It would speed coal-burning generation retirements, already well underway.

If the clean power plan is implemented as intended in 2022, retail rates at that time will average 10.5 cents per kilowatt-hour, according to the EIA.

Where they go from there will largely depend on various approaches to implementation.

 

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