On the Right: 3 Benefits of Eliminating Renewable Energy Subsidies

Bill Peacock of the Texas Public Policy Foundation, in The Hill, offers 3 reasons to eliminate renewable energy subsidies:

• Renewables increase costs & decrease reliability.” U.S. Department of Energy report on electricity markets and reliability makes it clear that renewable energy subsidies are contributing significantly to the increasing cost—and the decreasing reliability—of the national electric grid.”
• Energy Poverty. Unless we eliminate renewable energy subsidies we’re living in energy poverty.
  • energy poverty is defined as “a sharply reduced standard of living caused by high energy costs”
• Renewable Subsidies Cost Too Much. 
  • In Texas from 2006-2015 renewable subsidies were $13 Billion.
  • Federal extension of Production Tax Credit in 2014 was $13 billion too.
  • There’s a 3rd cost to traditional sources of energy

Bonus feature: The piece adds in Texas being the only state that has a energy-only market

The Hill | Bill Peacock | Eliminating renewable energy subsidies is key to increasing prosperity