American Jobs Plan Will Transform America’s Power Grid, Benefit Consumers

President Biden recently announced his American Jobs Plan, a sweeping $2 trillion infrastructure and jobs package that would reshape the American economy by making the biggest investment in our nation’s systems in decades. In response, Consumer Federation of America wrote to key Administration officials stressing that transforming our nation’s energy sector is currently one of the most important aspects of future economic policy. “We believe that the American Jobs Plan will create jobs, lead to a more resilient electricity grid, and modernize power generation through cleaner and lower cost energy alternatives,” said Jack Gillis, CFA’s Executive Director.

The transformation of the energy sector has begun, with each year seeing increases in solar and wind energy production and a corresponding reduction in coal-fired power plants. Nevertheless, more can be done. “The transformation of the energy sector into one based on efficiency in demand and low cost, clean energy in supply, is one of the most important steps to ensuring economic growth over the next quarter century,” said Mark Cooper, CFA’s Director of Research. “The technological revolution in energy consumption and production, as well as digital communications, data processing, and advanced control technologies — all of which have been led by the United States — have set the stage for an entirely new, 21st century energy sector.”

CFA has been a long-standing supporter of the reduction of carbon emissions…