Virginia Regulatory Town Hall
Agency
Department of Environmental Quality
 
Board
Air Pollution Control Board
 
chapter
Regulation for Emissions Trading [9 VAC 5 ‑ 140]
Action Repeal CO 2 Budget Trading Program as required by Executive Order 9 (Revision A22)
Stage Proposed
Comment Period Ends 3/31/2023
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3/9/23  3:39 pm
Commenter: David Stevenson, Caesar Rodney Institute

Public Comments on why Virginia should exit RGGI
 

I conducted a multi-state study, updated for Virginia, which came to the same conclusion as a Congressional Research Center study1.  The dozen year old RGGI program has resulted in no significant additional emission reduction compared to comparison states, but did shift generation and jobs to other states. Virginia electric generation fell 12% in 2022 compared to 2020. Power imports from the regional grid grew from 12% of demand to 30%, and that grid expects power shortages by 2030.  In state CO2 emissions fell by 6.6 million metric tons from 2020 to 2022, but increased electricity imports increased emissions 10.3 million tons elsewhere for a net 3.7 million ton increase.  Meanwhile the $523 million in RGGI revenue will be added to electric bills while in state generators lost $840 million in electric generation revenue.  Over a decade the RGGI could cost Virginia $25 billion.  Virginia needs to leave RGGI behind.

Fuel Source

2022 MWh

2020 MWh

Difference

% Change

Coal

           3,346,000

           3,763,000

         (417,000)

-11%

Natural Gas

         50,318,000

         62,623,000

     (12,305,000)

-20%

Petroleum

               581,000

               231,000

           350,000

152%

Other Gases

               523,000

               557,000

           (34,000)

-6%

Total Fossil Fuel

         54,768,000

         67,174,000

     (12,406,000)

-15%

         

Nuclear

         28,197,000

         30,140,000

         (1,943,000)

-6%

Net Hydro

               1,145,000

               950,000

         195,000

21%

Biomass

           3,541,000

           1,069,000

             2,472,000

231%

Solar

           5,079,000

           1,371,000

       3,708,000

270%

Wind

     51,000

                0

     51,000

 

Total Zero CO2

         37,962,000

      33,530,000 

           4,432,000

13%

         

Total

         90,890,000

         103,056,000

     (12,166,000)

-12%

         

Electric Demand

130,108,000

117,254,000

       12,854,000

11%

Imports

     39,218,000

14,198,000

 

 

Source: Year to date totals from US EIA Electric Power Monthly2

Virginia natural gas fired power plant generation fell 20%, losing against regional electric grid bids from non-carbon tax states with 10% lower cost as shown in the following chart. 

 

CommentID: 211294