Energy Consumers Relief Act of 2015
This bill requires the Environmental Protection Agency (EPA) to submit a report to Congress and the Department of Energy (DOE) before promulgating a final rule that regulates any aspect of the production, supply, distribution, or use of energy and that is estimated by the EPA or the Office of Management and Budget to impose aggregate costs of more than $1 billion. The report must contain: (1) an estimate of the total costs and benefits of the rule, (2) an estimate of the increases in energy prices that may result from implementation or enforcement of the rule, and (3) a detailed description of the employment effects that may result from implementation or enforcement of the rule.
DOE must: (1) prepare an independent analysis to determine whether the rule will cause any increase in energy prices for consumers, any impact on fuel diversity of the nation's electricity generation portfolio or on electric reliability, or any adverse effect on energy supply, distribution, or use; and (2) determine whether the rule will cause significant adverse effects to the economy and publish the determination.
The EPA may not promulgate the final rule if DOE determines that the rule will cause significant adverse effects to the economy.
The EPA may not use the social cost of carbon in any cost-benefit analysis relating to an energy-related rule estimated to cost more than $1 billion unless a federal law is enacted authorizing such use. The social cost of carbon is an estimate of the monetized damages associated with an incremental increase in carbon dioxide emissions in a given year.