The Trump administration is planning to rollback 12 energy efficiency standards, which could potentially cost Americans billions of dollars in higher electricity bills.
The Department of Energy (DOE) estimates savings of $11 billion from these rollbacks but fails to consider the additional costs Americans would incur due to using less energy-efficient appliances.
An analysis by the Appliance Standards Awareness Project (ASAP) suggests that the deregulation spree could result in about $43 billion in increased electricity bills for households and businesses.
The DOE's focus on savings overlooks the higher costs consumers would bear with less efficient appliances, leading to a net savings estimate of $43.2 billion from the 12 rules being rolled back.