Energy efficiency rollbacks could cost Americans $43 billion in higher utility bills
1 min read
Summary
President Trump’s administration is attempting to reverse 12 energy efficiency standards, but analysis suggests that this could cost American consumers $43bn in higher electricity costs.
The Department of Energy (DOE) claims the rollbacks would realise $11bn in savings, but this fails to consider the additional costs associated with less energy-efficient appliances.
The DOE previously estimated the cumulative savings for consumers from energy efficiency standards at $43.2bn.
The rollbacks impact a range of appliances, including microwave ovens, air purifiers, battery chargers, and cooking tops.
The changes face certain legal challenges due to anti-backsliding regulations included in the Energy Policy and Conservation Act.
This month, President Trump also signed a memorandum to halt several energy efficiency rules and instructed the DOE to stop enforcing a number of standards.
Separately, the Environmental Protection Agency (EPA) is reportedly set to scrap the Energy Star programme, which offers certifications for energy-efficient appliances.