The Trump administration's recent energy efficiency standard rollbacks could result in increased household electricity bills by approximately $43 billion. The Department of Energy's (DOE) plan, framed as a deregulation effort to save $11 billion, overlooks significant long-term costs associated with higher energy consumption due to less efficient appliances. The Appliance Standards Awareness Project (ASAP) emphasized that the energy efficiency standards originally proposed would yield substantial savings for consumers, highlighting a discrepancy between the DOE's projected savings and the actual financial burden these rollbacks could introduce for American households and businesses.
The department is looking at the savings these rollbacks would provide while completely ignoring the costs.
It turns out that the costs would be nearly five times greater than the savings.
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