John Hennessy III,
P.E.
BLACK & VEATCH Introduction On August 3, 2015, President Obama announced the Environmental Protection Agency’s (EPA) final Clean Power Plan (CPP) rule for reducing carbon dioxide (CO2) emissions from existing fossil fuel electric generating units (EGUs). The final rule establishes CO2 emission performance rates based upon the EPA’s determination of the best system of emission […]
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ANALYSIS GROUP
This Report analyzes the economic impacts of RGGI’s most recent three years, covering the years 2012 through 2014. This analysis follows on our prior November 2011 Report (hereafter “AG 2011 Report”) that assessed the economic impacts of RGGI’s first three years (2009-2011). Since the time of our last economic review, the electric industry has experienced changes in power plant economics, emission-control requirements, and wholesale market structures in the RGGI region. In addition, the RGGI states completed a comprehensive program review during 2012, and modified elements of the program including, most importantly, adopting a significantly lower overall cap on CO2 emissions in the RGGI region.
ADVANCED ENERGY ECONOMY INSTITUTE (AEE INSTITUTE)
On June 2, 2014, the Environmental Protection Agency (EPA) proposed the Clean Power Plan (CPP) to implement section 111(d) of the Clean Air Act (CAA). While the proposed rule does not mandate a market-based approach to compliance, ample evidence from previous CAA rules suggests that market-based mechanisms are likely to develop under the CPP, and that these mechanisms will spark an industry response that will make available a wide array of cost-effective compliance options.
THE BRATTLE GROUP
The United States (“U.S.”) power system is undergoing a fundamental transformation, largely driven by advances in technology and low natural gas prices. This transformation is putting significant pressure on existing coal-fired and even nuclear generation, increasingly leads to renewable energy resources being cost-competitive with fossil-fired generation, and results in myriad choices for consumers that promise to permanently alter the role of demand in the power system. As a consequence, the fuel mix and associated emissions of the U.S. power system are changing rapidly, as are the actions taken by system operators to manage the quickly evolving electric system.
CNA CORPORATION
To determine how Texas could be affected by the U.S. Environmental Protection Agency’s (EPA’s) Clean Power Plan (CPP), we applied CNA’s Electricity-Water-Climate power sector model to evaluate the potential impacts. We find that under the CPP, the state will save water and reduce levels of conventional air pollutants. In addition, the state will be able to meet the policy’s targets with modest incremental effort even though electricity demand is expected to increase by 25 percent.
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