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Most States Lose Under the Pending Climate Bill Consumers in red colored states will pay more for electricity to make up for the shortfall in allowances.

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Presentation on theme: "Most States Lose Under the Pending Climate Bill Consumers in red colored states will pay more for electricity to make up for the shortfall in allowances."— Presentation transcript:

1 Most States Lose Under the Pending Climate Bill Consumers in red colored states will pay more for electricity to make up for the shortfall in allowances (dollars in millions). Coal is the reason the US electricity prices are low. This map represents the retail electricity prices by state in the US with the green and blue states being those with electricity cost of less than 7 cents per kWh. Those in orange being 7 – 9 cents per kWh and those in red being greater than 9 cents/kWh. The second number for each state is the percentage of state’s generation from coal based generation. What you will note is almost all of the low cost electricity states have a high percentage of generation is coal based. In fact the two lowest cost states are Kentucky and Wyoming and they both have over 95% of their generation from coal based generation. The only exception are blue states are those have over 90% of its generation from hydro. On the other end of the spectrum the high cost states have less than ___ % of the generation from coal based generation. The shortfall in allowances to the red states will be expressed through higher electricity costs to consumers, the total of which will roughly correlate with the dollar losses noted on the map. For example, Texas electricity consumers will see electricity costs go up by roughly $1 billion. To make up the shortfall, red states will have to seek high-cost, non-CO2 emitting electricity sources, reduced electricity production and consumption, or purchase allowances from the green states, or through domestic and international offsets, likely a combination of the three. $204.2 -$5.7 -$129.1 -$257.3 -$103.5 $88.4 $75.5 -$206.8 $59.5 $5.5 -$334.4 -$374.5 -$636.7 -$249.1 -$102.5 -$642.5 -$33.6 -$443.9 -$259.6 -$763.5 -$684.1 -$211.9 -$6.9 -$206.8 -$428.1 -$543.3 $385.6 -$241.0 -$184.7 -$294.8 -$96.7 MA -$16.7 CT $26.2 NH -$24.2 RI $1.8 NJ $104.1 VT $21.2 MD -$50.1 DE -$18.9 -$250.1 -$218.8 -$108.4 -$75.7 -$367.6 -$472.2 -$226.7 -$1,159.1 -$339.1 -$18.1 -$44.2 Benefit to Customers Cost to Customers Based on Energy Information Administration (EIA) and Congressional Budget Office (CBO) data. Dollars in millions. Approximate cost to customers in 2012 (at CBO estimate of $15/ton). 1/12/2019 1:59 AM GregUofA ppt


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