On October 23, 2015, under the authority of Clean Air Act (CAA) section 111(d), the Environmental Protection Agency (EPA) finalized its guidelines to cut CO2 emissions from existing fossil-fueled power generating units in the electric power sector. The final rule, referred to as the Clean Power Plan, sets to achieve CO2 emission reductions from the power sector of more than 30% by 2030 relative to 2005 levels.
Over the last two years, since the proposal of the CPP in June 2014, EVA performed numerous assessments of the financial, operational, and reliability impacts of the Clean Power Plan for major stakeholders in the US power sector such as the North American Electric Reliability Corporation (NERC), Duke Energy, Southern Company, Basin Electric Cooperative, National Mining Association, among others.
EVA has provided both mass and rate based analyses for these clients, and has the ability to deliver results that illustrate the Clean Power Plan’s effects on U.S. power markets, including generation and capacity by fuel type, wholesale energy and capacity prices, detailed fossil fuel price impacts, regional power flow changes, CPP compliance costs and much more.
For a snapshot of the Clean Power Plan’s impacts on electricity supply and prices within each state under various compliance strategies, click the map below.
For more information and detailed results, please contact us at [email protected]