Today's Wall Street Journal has a chart showing how much a $15/ton carbon emissions tax would add to various energy costs. According to the Journal, such a tax would boost electricity costs by $1.63 per kilowatt hour!
Since we pay roughly 8 cents per kilowatt hour here in Virginny, that would be quite a boost, raising our electric bill for the month of August to $2994 (from $172). The only good news is that at that rate our solar panels would pay for themselves in less than two years.
The Journal made an error. One of our readers was kind enough to point us to the Journal's original source, a policy paper from the American Enterprise Institute, which calculates the rise in electricity costs from a $15/ton carbon tax at 1.63 cents per kilowatt hour, not $1.63. (We don't often agree with AEI, but it makes a compelling case for a carbon tax versus cap-and-trade.)