Exclusive: How the permitting bill could change the energy landscape
Summary
A Resources for the Future analysis estimates that the Senate permitting bill would expand power transmission and renewable energy, lower power-sector emissions at first, and reduce electricity system costs compared with current law. The study projects emissions would rise later but remain below the no-bill outlook; it does not directly model household electricity bills or the bill’s effects outside the power sector.Key Facts
- The analysis compares the bill’s effects with a baseline of current laws and policies.
- In its central scenario, the bill produces about 60 gigawatts more clean energy capacity in 2028 than the baseline.
- The study estimates electricity system costs would be 3.5% to 7% lower each year through 2041 and save more than $350 billion through 2050 in present-value terms.
- The analysis says expanded transmission would enable more use of clean energy and existing power resources.
- The bill’s projected power-sector emissions initially fall as coal use declines, then rise while remaining below the no-bill projection.
- The study uses a high-electrification demand scenario that accounts for rapid demand growth from data centers and other sources.
- The analysis does not model retail electricity prices or effects on mining, pipelines, and other activities outside the power sector.
- The article says a Senate test vote on the permitting bill was expected on Nov. 9.
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