Elimination of Electricity Rate Caps in Pennsylvania, 2011-2015
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This document analyzes the potential economic and demographic impacts of eliminating electricity rate caps in Pennsylvania from 2011 to 2015. It models several scenarios of electricity rate increases and their effects. Key findings include job losses of 4,183 to 11,700 and disposable income losses of $720 million to $1.5 billion by 2015 under a 10% annual rate increase. Individual households would face risks of job or income loss, with low-income households more affected. Households and businesses would likely respond through conservation efforts and shifting expenditures to pay for higher electricity costs.
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Elimination of Electricity Rate Caps in Pennsylvania, 2011-2015
- 1. Elimination of Electricity Rate Caps in Pennsylvania, 2011-2015 Rose M. Baker David L. Passmore
- 4. Scenarios through 2015 for residential, commercial, & industrial Four megawatt forecasts: • Linear growth • Linear +10% • Linear – 10% • Flat from 2006 Four sales forecasts for price – quantity pairs P Q x Sales = 10% Over 2006 price
- 12. What will the rate cap removal mean for households & businesses? Your thoughts?
- 13. Elimination of Electricity Rate Caps in Pennsylvania, 2011-2015 Rose M. Baker David L. Passmore
Editor's Notes
- Pennsylvania ranked third in electricity generation among the states in 2005 according to the U.S. Energy Information Administration. PJM Interconnection—an organization of electricity distributors, power generators, transmission owners, power marketers, and large consumers—forecasts a need for approximately 500 megawatts of new electricity generation annually to meet Pennsylvania’s growth requirements. A supply of reliable electrical power at competitive rates is a key factor in Pennsylvania’s industrial competitiveness and in maintaining the security and welfare of Pennsylvanians.