The subsidies are degrading the grid and provision of electricity. Eliminating them would be an improvement. However the experience of Texas prior to FERC like regulation had many competitive structures working together with some control structures. What were those controls? Is a similar combination of market and control structure recommended for Texas and other places today? Much of the world is struggling to find a structure with incentive for utilities to build capacity and provide electricity and heat.
Fantastic write up, thank you. As always, where conservatives fail is when money is involved. No matter the stupidity of the business, Republicans like helping friends at the expense of taxpayers.
Thank you for this expose. Subsidy-seekers are preventing rational ERCOT grid operations - and causing huge government-imposed costs (over $19 billion in 2023.). Here's one example of a well-heeled elite who admitted circa 2014 he is on the gravy train at taxpayer expense. (Buffett's father was a four-term U.S. Representative from Nebraska.) Multi-billionaire Warren Buffett explained the rationale for solar and wind generation in 2014:
"For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit."
"Big Wind's Bogus Subsidies - Giving tax credits to the wind energy industry is a waste of time and money." By Nancy Pfotenhauer, Contributor | May 12, 2014, at 2:30 p.m US News & World Report
I agree that it is long past time to end the irrational and harmful subsidies for solar and wind which continue to degrade grid reliability - and your analysis neglects the multi-billion dollar costs of solar and wind curtailments - as shown in California.
Incredible this is taking place. Where is the oversight. I thought the primary purpose and responsibility of agencies to ensure reliable and affordable base load electricity generation? This is absolutely wrong. Time for some firings there too!
Unfortunately, lavishly-funded California state bureaucracies such as the California Public Utilities Commission [CPUC] (The budget for the California Public Utilities Commission in the 2023-2024 Fiscal Year was $2,577,961,000.) lack the protection of an Inspector General to investigate waste, fraud, and abuse. That means the firings cannot begin.
The subsidies are degrading the grid and provision of electricity. Eliminating them would be an improvement. However the experience of Texas prior to FERC like regulation had many competitive structures working together with some control structures. What were those controls? Is a similar combination of market and control structure recommended for Texas and other places today? Much of the world is struggling to find a structure with incentive for utilities to build capacity and provide electricity and heat.
Fantastic write up, thank you. As always, where conservatives fail is when money is involved. No matter the stupidity of the business, Republicans like helping friends at the expense of taxpayers.
Thank you for this expose. Subsidy-seekers are preventing rational ERCOT grid operations - and causing huge government-imposed costs (over $19 billion in 2023.). Here's one example of a well-heeled elite who admitted circa 2014 he is on the gravy train at taxpayer expense. (Buffett's father was a four-term U.S. Representative from Nebraska.) Multi-billionaire Warren Buffett explained the rationale for solar and wind generation in 2014:
"For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit."
"Big Wind's Bogus Subsidies - Giving tax credits to the wind energy industry is a waste of time and money." By Nancy Pfotenhauer, Contributor | May 12, 2014, at 2:30 p.m US News & World Report
https://tinyurl.com/Buffett-Wind-Scam
I agree that it is long past time to end the irrational and harmful subsidies for solar and wind which continue to degrade grid reliability - and your analysis neglects the multi-billion dollar costs of solar and wind curtailments - as shown in California.
Incredible this is taking place. Where is the oversight. I thought the primary purpose and responsibility of agencies to ensure reliable and affordable base load electricity generation? This is absolutely wrong. Time for some firings there too!
Unfortunately, lavishly-funded California state bureaucracies such as the California Public Utilities Commission [CPUC] (The budget for the California Public Utilities Commission in the 2023-2024 Fiscal Year was $2,577,961,000.) lack the protection of an Inspector General to investigate waste, fraud, and abuse. That means the firings cannot begin.