A new report has found that implementing the Obama Administration’s Clean Power Plan will cut costs. The average U.S. households could see an average savings of $1,868, said Marilyn Brown, the study’s author and the Brook Byers Professor of Sustainable Systems in the School of Public Policy at the Georgia Institute of Technology.  Without any changes in the way we produce and use electricity, the typical U.S. household will see bills increase by 18 percent. 

Thus, there is a significant dividend for electricity consumers if states embrace energy efficiency and clean energy investments associated with state implementation of the Clean Power Plan.

The plan establishes carbon pollution goals for each state and is projected to achieve a 32 percent cut in U.S. carbon pollution from power plants by 2030 compared with 2005.

Energy efficiency is, in fact, the key to low-cost integration of cleaner energy and for reducing dirty energy sources that are fueling climate change, while significantly benefitting residential consumers, utilities and state policymakers alike.

If state leaders adopt the least-cost compliance scenarios, household electricity bills would see significant savings compared with the projected increases, while at the same time cutting carbon dioxide (CO2) emissions significantly. Utilizing the least-cost compliance scenarios outlined in the study could generate a savings of $248 billion nationwide.  Different states across the country have already identified the specific cost savings to them.  

Read more about the plan, the stafe fact sheets and other materials.