Biden Admin Says Its Natural Gas Phaseout Will Save Taxpayers Millions. It Will Do the Opposite.

The Biden administration is casting its plan to phase out the use of natural gas in federal buildings in favor of clean energy as a “cost-effective” move that will save taxpayers millions each year.

That’s baloney, according to a Washington Free Beacon review of federal data, which indicates that a Biden administration statement touting the plan’s frugality excludes the administration’s own findings on the increased cost of green energy sources as compared with natural gas.

In that statement, President Joe Biden’s Energy Department says the proposed natural gas phaseout “would save taxpayers $8 million annually in upfront equipment costs,” a figure that stems from the department’s Dec. 6 estimate of the plan’s budgetary impact. That estimate, however, also acknowledges that so-called clean electricity is roughly four-and-a-half times more expensive than natural gas, leading to “increases in energy costs across the board” that outweigh the savings on equipment expected under the plan. As a result, Biden’s transition away from natural gas will actually cost taxpayers up to $5 million annually, the Energy Department estimate says, a statistic that does not appear in the department’s statement. – READ MORE