Huffington Post: "Democrats' Climate Deal Puts US Emissions Goals in Reach, 3 Separate Studies Show"
A widely syndicated piece discusses recent analyses of the Inflation Reduction Act and points to an RFF issue brief that details the power sector implications.
As for how much the average American household would expect to save on future energy bills, Resources for the Future estimates it could amount to between $170 and $220 per year over the next decade. That would translate to up to $278 billion in total savings for consumers nationwide.
Nick Roy is a Research Analyst at RFF where he analyzes an array of policies including clean energy tax credits, renewable energy standards, and emissions pricing.
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.