The demand for electricity is increasing exponentially every year and with the EPA’s rules it’s a wonder supply has keep up with demand. Chase Power has stopped its $3 billion coal project because of the standards.
The project was estimated to bring the Texas economy 1300 new jobs. The EPA’s regulations are taking most of the blame for the projects failure. This not the first time, nor will it be the last, that strict regulations have stifled economic growth.
The EPA cannot take all the blame for Chase Power’s failure. The slow economy has played a huge role. Most people believe we should take care of our planet. All people (not all) believe we should take care of our fellow man, or at least their own momma.
On the edge
There is a tipping point we are heading towards where the cost outweighs the benefits. If shutting down a power plant cost the economy 1300 jobs, we are not quit there.
When the demand for energy overtakes the supply and people are without power is when the cost becomes too high. Businesses will not function without electricity and the economy will come to a screeching halt. The government will never let the country reach this point.
Until the EPA lowers it standard companies, like chase power, are not going to increase electricity supply.
Donny has been writing about the deregulated energy markets since early 2007. His knowledge has helped consumers lower their electricity cost.