American Experiment study finds Clean Electricity Performance Program would cost AZ $119.4 billion
Congressional Democrats are eager to spend $3.5 trillion on a budget reconciliation package that includes a policy known as the Clean Electricity Performance Program (CEPP), which would act as a de facto renewable energy mandate and carbon tax in the United States. As such, it is one of the most sweeping energy proposals in American history
Center of the American Experiment has released a new study detailing the enormous cost of the CEPP in Arizona. Our research concludes this program would cost Arizona an additional $119.4 billion through 2052, compared to operating the current electric grid.
This enormous price tag would have devastating consequences for Arizona’s economy. If the cost of the CEPP is borne by residential, commercial, and industrial electricity customers in Arizona, rather than federal taxpayers, the additional costs imposed by the CEPP would be more than $1,200 per customer per year through 2052.
Higher electricity prices would lead to higher costs for all Arizonans, but low-income households would be disproportionately hurt because these families spend a higher percentage of their income on energy bills relative to their more affluent counterparts.
Read the full study by clicking here.