Daylight Saving Time Costs Nation $1.7 Billion Since the passage
of the Energy Security Act of 2005, which extended daylight
saving time (DST) by four weeks—to eight months of the year—DST
has become more standard than...standard time. According to the
legislation’s co-sponsors, Reps. Edward Markey, D-Mass., and
Fred Upton, R-Mich., the daylight saving time extension is
supposed to significantly reduce energy usage, as evening
sunlight replaces power-generated electricity an additional hour
each day. Unfortunately, this dramatic cut in energy use could
very well be illusory, while the costs of daylight saving time
are very real. According to a "back-of-the-envelope calculation"
by economist William F. Shughart, the real costs of daylight
saving time amounts to $1.7 billion or more annually, read more
here.