Experts warn Biden admin's water heater crackdown will hike prices, reduce consumer choice
Fox News
Energy experts and industry groups said the Biden administration's recent energy efficiency proposal targeting water heaters would reduce consumer choice and increase prices.
"Their plan is to electrify everything they possibly can because they are under this distorted fantasy that renewables will be plentiful and cheap and reliable. They are none of the above," said Mark Krebs, a mechanical engineer, energy policy consultant and former DOE adviser. "The physics defy what they want to do, the raw materials defy what they want to do, a free market economy defies what they want to do." Thomas Catenacci is a politics writer for Fox News Digital.
Krebs added that the new water heater standards would lead to higher prices, higher installation fees and could even create serious corrosion risks in homes. He also argued more efficient, but expensive, alternatives to cheaper gas-fired water heaters are readily available on the market without government intervention.
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