EPA regulations are going to raise your family’s electricity bills, and hurt the bottom-line of countless small businesses. And the Government Accountability Office recently released a report finding four different regulations won’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, it’s the backbone of commerce. According to the prominent experts at ICF Consulting, the 2003 New York City blackout cost the nation between $6.8 and $10 billion dollars.
And yet EPA regulations are so hastily enacted, they can actually harm the reliability of the grid. The Washington Examiner recently observed why:
The EPA’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 so… EPA believes that “a moderately-paced” effort to retrofit the coal plants will suffice, but coal industry representatives say it “might be challenging to complete retrofits or retirements by the compliance deadline for MATS, in some cases.” 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 the National Journal:
The EPA’s approach over the past few years has been short-sighted and dangerous… for the past few years, this EPA has sought to remove coal from our nation’s energy mix. Since 2008, the EPA has released an onslaught of regulations on the coal industry … that will result in increased energy prices, lost jobs and less reliable electricity for millions of American families and businesses.
The government’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 wasn’t just poorly conceived, it overstepped their regulatory boundaries. It’s time for the EPA to start evaluating the wisdom of their policies, and exercise restraint—before the unintended consequences becomes terrible realities.