A newly published paper by The Hon. Charles McConnell, Executive Director
Energy and Environment Initiative at Rice University illuminates several issues with wind generated energy.
Key Points
• The Texas electricity market and
its experiment with wind offer a
real-life, cautionary tale on the
real effects of relying on renewable
energy.
• When Texas needs electricity
the most, wind proves most of
the time to be a “no-show” while
fossil fuels keep on powering the
state.
• Large subsidies spread across
Texan and American taxpayers
hide the true cost of wind energy
to ratepayers.
• Because renewable energy is
essentially driven by subsidies,
it is quickly destroying the competitive
marketplace for energy
in Texas by creating negative
pricing, hence discouraging
investment in new gas-fired
capacity.
• ERCOT now predicts a reserve
margin possibly dropping close
to or below its preferred level,
creating risks of increased price
volatility and rolling outages and
brownouts.
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