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House bill will spur 20% electricity-price hike by 2030 -- EIA

The average U.S. electricity customer would face a 20 percent price increase in 20 years under climate legislation passed by the House last month, according to a draft analysis by the Energy Information Administration. The House bill by Democrats Henry Waxman (Calif.) and Ed Markey (Mass.) would force electricity prices to climb 12 cents per kilowatt-hour in 2030 -- 20 percent above EIA's 2009 projections -- under a scenario in which low-emission technology is developed on schedule and offsets are not constrained, the Energy Department agency says in the draft obtained by E&E.

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