LOL. Affect (shouldn't it be Effect?) electric bills.
Hell, if they demand carbon limits, the electric bill is the least of you problems. Trying to get through the day or keeping your job without coal-fired electricity is going to be the problem.
Imagine rolling blackouts not just once every few years during a hot summer, but every day of the week. Year round, coal provides over 50% of our electricity and every time the economy grows, demand for electricity grows right with it and despite the propaganda about "renewables' they can never keep pace with even demand growth let alone current base-load demand for power.
Economic disaster and permanent poverty will be the effect of carbon limits.
Imagine the power being on for 2 hours per day. Imagine the $/kWh cost of that limited power being 10x what it is now. Imagine the earth burping up all the sequestered underground CO2 a couple hundred years in the future and suffocating a few hundred thousand people.
Before you correct someone get it right yourself. Affect is a verb, effect is a noun. NormsRevenge was right, you are wrong.