The public became increasingly skeptical as it saw its electricity bills going up, and politicians began discussing
a cap on electricity prices.
Not exact matches
4)
Price caps on utility charges will generally seem like a good idea to the people who currently benefit due to having lower
electricity or water bills.
Interestingly, beyond this, despite considerable rhetoric about moving beyond debates about carbon -
pricing, the report recommends that in order to avoid adding to the Federal debt, it would be necessary to impose new taxes, including increased royalties for oil and gas extraction, a tax
on imported oil, a tax
on electricity sales, and a «very small carbon
price» (presumably from a modest carbon tax or unambitious
cap - and - trade system).
He says this will be especially true if
cap and trade can be shown to decrease
electricity bills, as it has in all RGGI states, which have used proceeds
on energy - saving programs to offset
price hikes from the program.
For example, climate scientists are least well - placed to make a judgement
on the timing and quantum of CO2 emissions that are exported from, say, Spain, as a result of higher
electricity prices there resulting from wind and solar, and certainly very poorly placed to opine
on the impact
on global GHG emissions of
cap - and - trade or any similar EU or even EU / USA - wide policy.