Association Says Costs Simply Not Bearable for West Virginia Families
CHARLESTON — The EPA’s continued assault on coal and coal-fired power plants comes with a huge cost to consumers. According to a recently released study, the resulting shift to using more natural gas will likely cost the average family an additional $750 to $850 per year for energy use in 2020 compared to what they paid in 2012.
The study, “Energy Market Impacts of Recent Federal Regulations on the Electric Power Sector,” factors in the EPA’s proposed carbon rule and other regulations, along with the expected doubling in price of wholesale natural gas in coming years. The yearly energy cost for the average Ohioan would go from $2,022 in 2012 to $2,874 in 2020, a 42 percent increase, the study projects. For West Virginians, the yearly energy cost would go from $1,960 in 2012 to $2,710 in 2020, a 38 percent increase, the study projects. Meanwhile, nationwide, consumers and businesses would see the cost of electricity and natural gas increase by nearly $300 billion in 2020 compared with 2012. The industrial sector will be hard hit with total electricity and natural gas cost for the sector approaching $200 billion in 2020, almost double the cost from 2012. This would stifle industrial growth and lead to higher prices for any goods produced using electricity. Overall, the study projects a $177 billion increase in electricity costs and a $107 billion increase in natural gas costs in 2020 compared with 2012 when the cumulative effects of EPA regulations and energy market impacts are analyzed.