The White House and Energy Department announced that beginning in 2016, new energy efficiency standards for microwaves will be imposed and promised it would lead to consumer savings, but federal regulations have a poor track record of producing consumer deals, said Sam Kazman, general counsel for the Competitive Enterprise Institute.
“If this goes the same way as government efficiency standards for washing machines, consumers can expect more expensive microwaves,” Kazman told CNSNews.com. “The basic question we should be asking about these mandates is if they are as great and cost effective as the government tells us, why do we have to have laws imposed on us?”
The new standards are supposed to save consumers $3 billion on their energy bills through 2030, according to the Energy Department. The department doesn’t address the regulatory impact specifically on manufacturing and retail but says the standards will have a “net benefit” of $4.6 billion on the economy over the next three decades.