Regulators put high cost on Northam’s cap and trade plan

RICHMOND, Va. (AP) — Virginia regulators estimate that consumers may have to pay significantly more for electricity under Gov. Ralph Northam’s plan to reduce air pollution by joining a carbon cap-and-trade program with other states.

State Corporation Commission staffers told a legislative hearing Thursday that the average residential customer would have to pay $7 to $12 more each month.

Northam’s office disputes these numbers, saying the cost would likely be less than $1 a month.

Northam has pushed Virginia to join the Regional Greenhouse Gas Initiative and the state air pollution board is set to vote on final regulations this spring.

The cap-and-trade program among Northeastern and mid-Atlantic states mandates emission reductions in the power sector.

Republicans have tried unsuccessfully to block Northam from joining RGGI without legislative approval.

Copyright © 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up