Costs & Savings of New Energy Regulations

Posted February 10, 2014 at 7:39am

The Hill reports that “the Obama administration is moving forward with tougher energy efficiency standards that would cost manufacturers more than $70 million, but save consumers billions of dollars in energy bills.”  

“The Department of Energy (DOE) said the new requirements for metal halide lamp fixtures and external power supplies will cut energy waste, save families money on their utility bills and reduce pollution.”  

“The Office of Energy Efficiency and Renewable Energy (OEERE) — a branch of the Energy Department that is behind the rules, which strengthen existing standards — plans to publish both in Monday’s Federal Register. The agency said the new rules are “economically justified,” because they would result in significant energy savings for the public.”