This week, the Biden administration’s Environmental Protection Agency (EPA) proposed new rules that would shut down natural-gas-fired power plants that don’t meet extreme emission reduction requirements by 2038. The proposed rules could threaten our power network’s reliability and would raise costs for Americans already burdened by long-term inflation. Officials have estimated that the proposed EPA rules will raise average utility bills by 2 percent by 2030.
Below is a statement that can be attributed to me, Craig Stevens, spokesman for the GAIN Coalition and former senior advisor to U.S. Energy Secretary Sam Bodman:
“The EPA’s proposed rules threaten the energy security power grid and will raise utility costs for Americans. The potential for gas-fired plants to be retired before alternative energy sources can come online would squeeze the reliability of our power grids with devastating consequences.
The Biden administration is simultaneously pushing Americans to adopt electric everything – cars, stoves, trucks – but then announces rules that could cripple our already-strained power grid. They are learning an important lesson the hard way – American oil and gas fuels almost every aspect of our lives, including the electricity running through EVs.”