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Get ready for electricity prices to “necessarily skyrocket" (Bills go up as much as 60% by 2014)
Hotair ^ | 06/11/2011 | Ed Morrisey

Posted on 06/12/2011 12:57:54 PM PDT by SeekAndFind

Have you had a lot of fun watching the price of gasoline shoot out of sight this year at the pump? That will be just the appetizer. Thanks to new regulations from the Obama administration, power companies will shut down a significant number of coal-fired plants by 2014, and without any other reliable sources of mass-produced electricity, consumers will see their bills go up as much as 60% (via Instapundit and Newsalert):

Consumers could see their electricity bills jump an estimated 40 to 60 percent in the next few years.

The reason: Pending environmental regulations will make coal-fired generating plants, which produce about half the nation’s electricity, more expensive to operate. Many are expected to be shuttered.

The increases are expected to begin to appear in 2014, and policymakers already are scrambling to find cheap and reliable alternative power sources. If they are unsuccessful, consumers can expect further increases as more expensive forms of generation take on a greater share of the electricity load.

You won’t just pay more to the utility company, either. The Chicago Tribune runs the math on public-sector cost increases in just their city:

What analysts know is that a portion of ComEd bills that pays electricity generators to reserve a portion of their power three years into the future will increase more than fourfold. That would translate into increases of $107 to $178 a year for an average residential customer in ComEd’s territory, starting in 2014, according to calculations by Chris Thomas, policy director for consumer advocacy group Citizens Utility Board.

In 2014 those so-called capacity costs are expected to add approximately $2.7 million over the previous year to electricity bills in Chicago Public Schools, $3.3 million for the Metropolitan Water Reclamation District and $5.4 million to the city of Chicago, according to an analysis by Tenaska, aNebraska-based power development company that wants to develop a coal-fed power plant in central Illinois that would meet stringent regulations because it would capture and sequester emissions.

It’s the EPA gift that keeps on … taking.

On the other hand, we can consider this a rarity — an Obama promise kept:

CLICK ABOVE LINK FOR THE VIDEO OF WHAT OBAMA SAID

Obama told the Chronicle:

The problem is not technical, uh, and the problem is not mastery of the legislative intricacies of Washington. The problem is, uh, can you get the American people to say, “This is really important,” and force their representatives to do the right thing? That requires mobilizing a citizenry. That requires them understanding what is at stake. Uh, and climate change is a great example.

You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

They — you — you can already see what the arguments will be during the general election. People will say, “Ah, Obama and Al Gore, these folks, they’re going to destroy the economy, this is going to cost us eight trillion dollars,” or whatever their number is. Um, if you can’t persuade the American people that yes, there is going to be some increase in electricity rates on the front end, but that over the long term, because of combinations of more efficient energy usage, changing lightbulbs and more efficient appliance, but also technology improving how we can produce clean energy, the economy would benefit.

If we can’t make that argument persuasively enough, you — you, uh, can be Lyndon Johnson, you can be the master of Washington. You’re not going to get that done.

Even without cap-and-trade — or perhaps more accurately, even with a backdoor carbon tax through regulatory adventurism — Obama kept his promise to have electricity rates skyrocketing, and putting the burden on consumers, business, and taxpayers. Who said that every Obama promise comes with an expiration date?


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: bhofascism; bloodoftyrants; capandtrade; climatechange; coal; communism; crushepa; cwii; debt; default; defundepa; democrats; economy; elections; electricbills; electriccosts; electricity; energy; energyprices; envirofascism; epa; fatlisajackson; globalism; globalwarming; globalwarminghoax; govtabuse; greenhousegases; hopeychangey; liberalfascism; nobama2012; obama; obamao; obamatruthfile; socialism; socialistdemocrats; soros; teachers; tyranny; waronepa
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To: SeekAndFind

Obama’s fault.


61 posted on 06/12/2011 8:46:33 PM PDT by savedbygrace (But God.)
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To: SteamShovel

“People at FR will blame it on the “union scum”
Not true. Obama will be rightfully blamed here.”

No he won’t.

When electricity prices zoom up, the media will “point the finger” at the “greedy”, “evil”, “environment-destroying” utility companies.

And the public will blame them, too.

Hopefully these regulations (and a whole lot more) will be rolled back during the “Palin restoration” which begins in January 2013....

Just wishin’....


62 posted on 06/12/2011 8:57:57 PM PDT by Grumplestiltskin (I may look new, but it's only deja vu!)
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To: goodnesswins
"THIS is HOW they want YOU to live....this is from ICLEI, part of Agenda 21....just watch the first couple minutes....

http://www.youtube.com/watch?v=-_lQfocKwYo&feature=channel_video_title


Now I see why you advised only a couple of minutes. Those round-mouthed, genocidal abominations are sickening and retarded in their regards to technologies.


63 posted on 06/12/2011 9:03:29 PM PDT by familyop (Shut up, and eat your brains!)
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To: Aria

Solar is over-tax benefited in Oregon.

Depending on how smart the person is setting it up - the tax credit is close to 100% of cost.

No one spending his own money woul dput solar in Oregon.

Next time someoen says that - ask how they are measuring the output of the panels. It probably has the CAPACITY to meet the needs of the chold center. But delivery is not capacity.


64 posted on 06/12/2011 10:22:48 PM PDT by Eldon Tyrell
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To: RayChuang88
We MUST destroy obama in 2012. We MUST. Make a list of ALL obama’s attacks against We The People and this country, and hand a copy of them out via door to door in your neighborhood. Educate the public, your neighborhood, with facts. Work with the voting precincts, make sure people get out and vote. Offer to transport those who need the assistance, pound the pavement and use all methods of communication to get the word out to people. Make sure you join forces with like minded people and devote all your energies in any and all ways possible to destroy this vile enemy obama. It is not too much to say that we MUST devote our waking hours to the destruction of this enemy, or WE and our country will perish under socialism.

This is our Pearl Harbor, our World War II. We are under attack ON OUR SHORES BY THE LEFTIST GOVERNMENT IN POWER. We are Americans and we do NOT take crap from socialists/marxists/communists/revolutionaries. As our forefathers fought, as our troops have fought and died for our freedom, we must also fight for our country, with everything we've got. WE ARE AMERICANS!

Stop making excuses and thinking of all the reasons why we as a people should not/can not fight this socialist government in power here in the USA. Give this fight your all. Or die trying.

65 posted on 06/12/2011 11:37:06 PM PDT by itssme
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To: Neidermeyer
"In a plant upgrade EVERY part of the plant would have to be compliant ,, not just meet standards “on average”."

A change from coal to natural gas automatically "upgrades" the whole plant into compliance, because all the "polluting" emissions are eliminated up front. No mercury, no arsenic, no radiation, no high sulfur. The only remaining "emissions" are water vapor, carbon dioxide, and a very small amount of oxides of nitrogen. What else to you think needs to be "upgraded"??? The boiler?? The steam turbine??

66 posted on 06/13/2011 4:09:54 AM PDT by Wonder Warthog
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To: itssme

In fact, at the rate things are going Obama faces the same problems that eventually did in James Earl Carter in 1980: 1) a failing economy and 2) an opponent that was charismatic on-air and drove the MSM nuts (I really do foresee one Sarah Palin becoming the Republican nominee because “she’s the real deal” and is highly charismatic in public appearances).


67 posted on 06/13/2011 5:04:04 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: RayChuang88
"In fact, at the rate things are going Obama faces the same problems that eventually did in James Earl Carter in 1980.

Only much, much more so. Not only will Obummer lose the "Reagan democrats", he is also losing what was a significant part of his base in his first election...the "youth" voter and the woman voter.

68 posted on 06/13/2011 8:26:53 AM PDT by Wonder Warthog
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To: SeekAndFind; 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; ...
DOOMAGE!

Global Warming PING!

You have been pinged because of your interest in environmentalism, alarmist wackos, mainstream media doomsday hype, and other issues pertaining to global warming.

Freep-mail me to get on or off: Add me / Remove me

Please ping me to all note-worthy threads on global warming.

British Study Finds Electric Cars Produce Higher Emissions Than Gas-Fueled Cars…

Global Warming on Free Republic

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69 posted on 06/13/2011 1:04:26 PM PDT by Tolerance Sucks Rocks (Obamao makes like Blagojevich to Richard/Bill Daley.)
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To: SeekAndFind; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...

Get ready to bend over (again). And you can forget about Vaseline!

PING!


70 posted on 06/13/2011 1:07:12 PM PDT by Tolerance Sucks Rocks (Obamao makes like Blagojevich to Richard/Bill Daley.)
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To: EGPWS

Cities will fill up with lawyers billboards saying, “we’ll fight for your RIGHT to free electricity”...


71 posted on 06/13/2011 1:14:51 PM PDT by GOPJ (In times of universal deceit, telling the truth will be a revolutionary act. - - Orwell)
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To: EGPWS

Cities will fill up with lawyers billboards saying, “we’ll fight for your RIGHT to free electricity”...


72 posted on 06/13/2011 1:16:03 PM PDT by GOPJ (In times of universal deceit, telling the truth will be a revolutionary act. - - Orwell)
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To: Grumplestiltskin
No he won’t.

If you will note that I said Obama would be blamed "here" as in on FR.

You are right about Obama getting a pass elsewhere.

But Obama is already being rightfully blamed here and it will continue.

73 posted on 06/13/2011 3:51:47 PM PDT by SteamShovel (The RADIATION PIMPS...are RATS)
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To: Wonder Warthog
When I hear stories about even Vladimir Putin and Hu Jintao openly shaking their head at what Obama is doing economically, Obama could be in for a beating in 2012 somewhere between when 1980 and 1984 elections in terms of a landslide loss.

Indeed, both China and Russia are increasingly aggressive in putting use to their domestic energy resources. Indeed, Russia right now is looking at potentially gigantic crude oil deposits in northeastern Siberia, and China is trying to find new uses for its very large coal reserves (someone mentioned that China is aggressively building coal-to-oil plants using the technology developed by SASOL of South Africa during the apartheid era). Meanwhile, Obama is too beholden to the environmental extremist crowd, much to detriment of everyone else.

74 posted on 06/13/2011 4:44:46 PM PDT by RayChuang88 (FairTax: America's economic cure)
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To: I see my hands
And to those who have done it, off grid means propane. Self sufficient as long as the propane truck stops by.

IOW, a petroleum/natural gas product, and one of the things Barack Obama stated he is planning to cap.

75 posted on 06/14/2011 6:11:51 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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bttt


76 posted on 06/23/2011 7:34:37 PM PDT by Coleus (Adult Stem Cells Work, there is NO Need to Harvest Babies for Their Body Parts!)
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