Exclusive: How the permitting bill could change the energy landscape
Data: Resources for the Future; Note: Central RFF scenario ; Chart: Ben Geman/Axios The Senate permitting plan would cut emissions from power plants in the near term and help keep electricity prices down, a new analysis finds. Why it matters: The study from scholars at Resources for the Future, a nonpartisan think tank, offers some of the most detailed independent modeling yet of the bill 's…
A new analysis from the nonpartisan think tank Resources for the Future (RFF) suggests that the Senate permitting plan could have significant impacts on the energy landscape. The study projects that the bill would lead to a 3.5% to 7% reduction in overall electricity system costs each year through 2041, compared to a scenario without the bill, potentially saving over $350 billion through 2050 in present-value terms.
This could translate to lower electricity bills for consumers, according to Kevin Rennert, one of the study's co-authors. The analysis also indicates that the bill would result in an increase of about 60 gigawatts in clean energy capacity by 2028 compared to a baseline of current law and policy.
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