Energy Policy Act of

Phone 4 Energy

Ultimate Guide to Power Efficiency

Get Instant Access

The Energy Policy Act of 2005 was signed into U.S. law on August 8, 2005. More than 1,700pages long, the Energy Policy Act of2005 is the United States' most recent major energy policy. Its supporters claim that it is a comprehensive energy policy that tackles shortages in energy resources through such measures as developing alternative and renewable energy technologies to supplement the use offossil fuels for energy. Among its provisions are an authorization to fill the Strategic Petroleum Reserve to capacity, new reliability standards for electricity utilities for the purpose of modernizing the electrical grid, incentives for expanding the use of nuclear energy for electricity, and a commitment to invest $2 billion over 10 years to support research into environmentally "cleaner" ways of using coal to generate electricity. It also included a measure aimed at tripling, by 2012, the current required amount of biomass-derived fuel (or biofuel), such as ethanol, that must be mixed with gasoline sold in the United States. In addition, it provided for a tax credit of up to $3,400for owners of hybrid vehicles. Also included in the Energy Policy Act of2005 was the Set America Free Act of2005, which calls for the creation of a "United States Commission on North American Energy Freedom" to study the particulars of U.S. foreign oil dependence and to "make recommendations for a coordinated, comprehensive, and long-range national policy to achieve North American energy freedom by 2025." The Energy Policy Act of 2005 also extended daylight savings time in the United States by four weeks on the presumption that Americans will use less electricity if daylight is available for a longer period. The act also authorized subsidies for producers of wind energy and other alternative energies, $50 million in an annual biomass grant, and tax breaks for energy conservation improvements made to homes. However, authorizations of funding are not the same as actual appropriations of funds; authorizations are not guarantees that the funds will actually be directed where stipulated. There is a great deal of uncertainty about whether this law will actually have a real impact on U.S. energy supply.

Energy Policy Act of 2005 Public Law 109-58 109th Congress An Act

To ensure jobs for our future with secure, affordable, and reliable energy.

Be it enacted by the Senate and House of Representatives of the United

States of America in Congress assembled.

TITLE III—OIL AND GAS Subtitle A—Petroleum Reserve and Home Heating Oil

Was this article helpful?

0 0

Post a comment