Just remember what Obama said: Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. And, that is exactly what someone in the know thinks will happen
Imagine your power bill going up by $200 a month.
Progress Energy spokesman Mike Hughes said Thursday that it’s a possibility under President Barack Obama’s energy plan that narrowly passed the U.S. House of Representatives last week.
The bill, which Obama has said will reduce the nation’s dependence on foreign oil and clean the air, calls for a reduction of carbon emissions by 17 percent by 2020, and for 20 percent of the nation’s energy to be renewable – such as wind and solar – by 2020.
The bill also includes a consumer protection to keep down energy prices.
But Hughes said it does not add up.
“If there are fundamental changes to national policy, particularly as it pertains to electricity, then the cost is going up,” he said.
Hughes said that because there is no proven technology to meet the proposed federal standards, it’s unclear how high rates might go. Based on congressional debate, Hughes said it could be drastic.
“There were estimates from a few pennies or a few dollars a month, and estimates I heard all the way to $4,000 a year for a typical household,” Hughes said. “It’s probably somewhere in the middle.”
PSNC predicts that the bill, in its current form, could potentially cause rates to go up by 5 to 15 percent by 2016.
Remember those words: in its current form. Because your bill could change substantially as more and more regulations are slapped on power companies, meaning more and more taxes added to said bill. Of course, on the flip side, since Democrats won’t allow new power plants to be built to keep up with the demand an ever growing population needs nor for the amount of “electric” cars they want on the roads, we could be using less power as the rolling brown and black outs hit where we live. Essentially, Obama wants to turn us into California.
“The bill is a first step toward solving global warming and putting our economy back on track with clean energy, like wind and solar (power),” said Margaret Hartzell, an advocate with Environment North Carolina.
I thought the Generational Theft Act was the first step towards putting our economy back on track, but, moving on, I’d like if Ms. Hartzell could explain how it does what she says it does, when the bill itself only reduces CO2 output a tiny bit, in reality land, and the clean energy tech is still in its infancy in some cases, and Liberals block the use of them, such as stopping the transmission line from a solar farm to Los Angeles and, of course, Ted Kennedy blocking the Cape Wind Project, among others.
Anyhow, she states you will pay $15 more a month. The EPA estimates $80-$110 more a year. Republicans say could be $770 a year. Do you see the common thread? No one really knows. The cap and tax bill is so huge and unwieldly, and, more importantly, leaves so much in the hands of the Administrator to be named later, that your first indication will be a whopper of a bill. Change you can go poor on.