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IHS Energy Study Finds Power Supply Diversity Essential

WASHINGTON, D.C. (July 25, 2014) — Edison Electric Institute (EEI) Executive Vice President of Business Operations and Regulatory Affairs David Owens issued the following statement today on the findings of a new IHS Energy study, “The Value of US Power Supply Diversity.”

“The new IHS Energy study further reinforces the critical importance to the U.S. economy and to electricity customers of a diverse portfolio of fuel sources for the production of reliable and affordable electricity. The study finds that a less diverse U.S. power supply would increase electricity prices, lead to roughly one million fewer jobs, and decrease the typical household’s annual disposable income by around $2,100.

“According to IHS, several factors—including tightening environmental regulations and depressed wholesale power prices—are having a significant impact on the nation’s power supply diversity. We look forward to continuing to work with policymakers at all levels to preserve fuel diversity and flexibility to enable the industry to deliver reliable, affordable, and increasingly clean electricity to all customers.”

To access the full study, click here.

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