The government is looking into several type of cap and trade bills. They are :
Cap and Trade
Under a cap-and-trade program, each power plant, factory, refinery, and other regulated entity will be allocated allowances (rights) to emit six greenhouse gases. However, only a certain percentage of the allowances will be allocated to these entities. The remaining percentage will be auctioned off or distributed to other emitting entities. Emitters who reduce their emissions below their annual allotment can sell their excess allowances to those who do not. Over time, the cap would be ratcheted down, requiring greater cuts in emissions and more harm to the economy.
Cap and Dividend
One variant of a cap-and-trade plan is cap and dividend. Just like a cap-and-trade bill, in cap and dividend businesses would bid for carbon credits through an auction, but in this scenario, consumers would receive “dividend payments” from the auction proceeds.
The architects of cap-and-dividend plans acknowledge that capping carbon “will inevitably raise the prices of fossil fuels: coal, oil, and natural gas. The resulting price increases will reduce the real incomes of American families, striking hardest at those who can afford it least: lower-income households for whom fuel costs represent a higher fraction of their expenditures.”[2] Proponents of cap and dividend argue that rebate checks would offset these costs.
Cap and Invest
Cap and invest is very similar to cap and dividend, but rather than give money to consumers, it is funneled into government-run research and development projects for renewable energy technology.
Rather than giving any money back to the consumers, all the climate revenue is devoted to unproven renewable technologies. Not only does this thwart innovation by reducing incentives to make renewable technologies more economically efficient, but it places the power to innovate in the hands of bureaucrats. In all sectors of the economy, history shows that it is the private sector–not the federal government–that is best at meeting consumer demand and innovating to provide more efficient products.
There is also a proposed carbon tax. A carbon tax is a direct, more predictable tax on carbon emissions, but that does not make it any more acceptable.
Al of these will cause energy prices for oil coal, gas or electricity to rise. With your own solar panels or wind generator you will be able to supply some supplemental electricity to compensate for rising electrical costs.

