Sky High Electricity Rates Coming, Obama Official Warns
17 Feb, 2014
The Obama Administration’s rules requiring “clean coal” technology in power plants could increase electricity costs by 70 percent to 80 percent in some parts of the country. That admission was made to a Congressional committee by Julio Friedmann, the deputy assistant Secretary of Energy in charge of “clean coal” technology.
“At a coal gasification facility, the cost of electricity may be increased by 40 percent; at a pulverized coal power plant, by upwards of 80 percent,” Rep. Tim Murphy (R.-Pennsylvania) said of technologies designed to reduce air pollution from coal burning power plants. “This is what DOE’s own documents tell us.”
New rules mandated by the Environmental Protection Agency require the use of such technology. Friedmann acknowledged Murphy was right, saying it would increase “70 or 80 percent.”
“It is in fact a substantial percentage increase in the cost of electricity, but in part, that’s because the current price of coal is so low,” Friedmann admitted to the House Energy and Commerce subcommittee. Murphy is chairman of that committee.
Coal makes up nearly 40 percent of American’s energy supply.