High Costs, and Energy Poverty
April 22, 2019. Renewable Portfolio Standards Reduce Carbon Dioxide (CO2) Emissions, But at a High Cost, Study Finds. Energy Policy Institute at the University of Chicago. via EPIC News
State-level renewable electricity mandates increase electricity prices by as much as 17 percent over twelve years, making the cost of reducing carbon emissions with these policies more expensive than current estimates of the benefits. https://epic.uchicago.edu/news-events/news/renewable-portfolio-standards-reduce-carbon-dioxide-co2-emissions-high-cost-study
PTC – Production Tax Credits
The PTC is a federal subsidy for the commercial production of wind energy that provides a $24 tax credit for each megawatt- hour of energy sold. It is scheduled to phase out and expire at the end of 2019.
October 2018, THE PRODUCTION TAX CREDIT: CORPORATE SUBSIDIES & RENEWABLE ENERGY, , Angela C. Erickson, Texas Public Policy Foundation: https://files.texaspolicy.com/uploads/2018/11/13144842/Production-Tax-Credit.pdf
The Renewable Electricity Production Tax Credit: In Brief
Updated November 27, 2018 Congressional Research Service
https://crsreports.congress.gov R43453 https://fas.org/sgp/crs/misc/R43453.pdf
Renewable Electricity Production Tax Credit (PTC) energy.gov
Texas Public Policy Foundation. Lisa Linowes May 2018.
Part 1: How Subsidies Drive Texas Wind Power Development The Texas Wind Power Story.
Part 2: The Impacts of Texas Wind Power Siting
the Texas wind power story wasn’t one of markets and innovations, but of government favoritism, special deals benefiting big corporations, and hidden costs.
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