The Biden administration’s internal analysis of its proposed power plant crackdown is based on overly rosy assumptions that experts argue vastly downplay how the regulations are projected to impact power grid reliability and costs.
The Environmental Protection Agency’s (EPA) regulatory impact analysis (RIA) of its power plant plan produces a “remarkable underestimation” of actual impacts, according to a report released this week by the Chamber of Commerce Global Energy Institute. The EPA created a questionable baseline scenario, failed to factor in projected electric vehicle growth and overestimated the development of carbon capture technology, the report showed.
