EPA: Climate Bill Cost Low For U.S. Households

The climate change bill passed by the U.S. House of Representatives would raise annual energy costs for U.S. households less than $150 in 10 years, significantly lower than some industry estimates, according to a draft report from the Energy Information Administration. The EIA's analysis of the House climate legislation says the average U.S. family would pay $142 more in energy expenses in 2020, and $583 more in 2030, if it were enacted. The projection from the EIA is in line with projections made by the Congressional Budget Office and the Environmental Protection Agency, and contradict claims by energy and business trade groups that consumers would pay thousands of dollars more a year under the plan to fight global warming.