CQ Roll Call: "Sweeping Budget Package Passes Senate; House on Deck Friday"
This article shares estimates from an RFF analysis of the Inflation Reduction Act's impact on electricity prices.
Resources for the Future, a nonpartisan research organization, estimates retail electricity costs would drop 5 to 7 percent and the average U.S. household would save $170 to $200 a year. Some independent experts say the bill would be the most significant climate bill in U.S. history, knocking down domestic emissions roughly 40 percent by 2030 and getting within "striking distance" of President Joe Biden’s 50 percent goal.
