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Last week the Senate Energy and Natural Resources Committee, chaired by Senator Jeff Bingaman (D-NM), held a hearing on the Clean Energy Standard Act of 2012 (CESA). Witnesses offered a variety of perspectives on the bill. As discussed during the hearing, the EIA’s Analysis of the Clean Energy Standard Act of 2012 projects an increase in renewable generation, a decrease in carbon emissions, and a hike in electric rates compared to a business-as-usual scenario. Dr. Karen Palmer of Resources for the Future supported many of the EIA’s findings, but added that the small utility exemption — which exempts energy retailers… [more]
View InsightIn response to a request from the Senate Committee on Energy and Natural Resources, the Energy Information Administration (EIA) has released its Analysis of Impacts of the Clean Energy Standard Act of 2012. Committee chairman Jeff Bingaman (D-NM), introduced the Act, which aims to increase low-carbon power generation in the U.S. by more than 80% by 2035 utilizing a market-based system of tradable energy credits. Beginning in 2015, utilities would be required to sell an increasing percentage of energy from clean energy sources. Utilities could generate electricity from clean sources to meet the Act’s requirements, or could purchase clean energy… [more]
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