NEW YORK (Reuters) – A new U.S. government study on Tuesday adds to a growing list of experts concluding that climate legislation moving through Congress would have only a modest impact on consumers, adding a bit more than $100 to household costs in 2020.
Under the climate legislation passed by the House of Representatives in June, electricity, heating oil and other bills for average families will rise $114 in 2020 and $288 in 2030, according to the Energy Information Administration, the country's top energy forecaster.
The bill requires energy companies to help consumers lower costs during the early years of the program which would "mute the impact of higher energy prices for households until at least 2025," said Kay Smith, an EIA economist.
Answer by sweet-a-kins at 6:38 PM on Aug. 4, 2009
Answer by Anonymous at 6:40 PM on Aug. 4, 2009
Answer by miriamz at 6:42 PM on Aug. 4, 2009
Answer by Carpy at 6:45 PM on Aug. 4, 2009
Answer by yourspecialkid at 6:46 PM on Aug. 4, 2009
Answer by yourspecialkid at 6:47 PM on Aug. 4, 2009
Answer by Anonymous at 6:48 PM on Aug. 4, 2009
Answer by mancosmomma at 6:49 PM on Aug. 4, 2009
LOL Sweets, it wont make a difference with them.
First they shout about how Cap and Trade will cause consumer's utility bills to skyrocket and when they get proven wrong they just revert back to their old standby..."it doesn't matter, because climate change is a farce."
Luckily, statistics show that younger generations are more progressive when it comes to the environment, so hopefully all of most of the people that think climate change is a "farce" will die off before we reach the point of irreversibility.
Answer by SRiveroC at 7:00 PM on Aug. 4, 2009
Answer by Carpy at 7:03 PM on Aug. 4, 2009