NERA Economic Consulting Report on Clean Power Plan

FACT: NERA Economic Consulting ignores the proven ability of energy efficiency to save money

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NERA Economic Consulting Report on Clean Power Plan

While the EPA projects new investments in energy efficiency under the Clean Power Plan will ultimately generate savings on electricity bills for consumers, a report by NERA Economic Consulting ignores energy efficiency’s proven ability to save consumers money and artificially inflates the costs of the EPA’s proposal. The NERA report also ignores the climate and health benefits of the EPA proposal.

Several industry trade groups paid for the report, including the American Coalition for Clean Coal Electricity (ACCCE) and American Fuel & Petrochemical Manufacturers (AFPM).

Members of ACCCE include utilities and coal companies that oppose the Clean Power Plan, including Murray Energy. The CEO of Murray Energy has described climate change as a “hoax” while attacking the EPA on Fox News.

AFPM's board of directors includes some of the largest producers of industrial carbon emissions, such as Chevron and ExxonMobil, as well as subsidiaries of BP and Shell. While these oil companies now generally accept the science on climate change, AFPM has suggested that the EPA is obligated to consider claims “rejecting the existence and causes of climate change” and joined other industry trade groups in calling for rollback of the Clean Power Plan.

 

Last Revised: March 12, 2015

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