Axios: "Climate Votes Loom as Sinema Signals Support"
A newsletter segment in Axios Generate cites a new RFF analysis on the power sector implications of the Inflation Reduction Act.
🔍 Zoom in: Meanwhile, analyses of the legislation's effects on emissions, energy costs and more are piling up. The think tank Resources for the Future estimates the bill would push down retail power costs by 5.2%-6.7% over the next decade compared to a no-bill alternative.
Kevin Rennert is a fellow at RFF. He also serves as director of the Federal Climate Policy Initiative.
Dallas Burtraw is a Darius Gaskins senior fellow at RFF. Burtraw’s research includes analysis of the distributional and regional consequences of climate policy and the evolution of electricity markets including renewable integration.
Issue Brief — Aug 3, 2022
Retail Electricity Rates under the Inflation Reduction Act of 2022
In this issue brief, RFF researchers model the impact of the proposed Inflation Reduction Act of 2022 on consumer electricity prices, finding that it reduces the average American's electricity bill by $170-$220 a year.