Tuesday, October 29, 2019

Wind Energy Industry Requesting More Taxpayer $

The reason that Georgetown was able to contract for wind generated electricity at favorable prices is that the wind energy companies receive massive subsidies, approximately 30%, from the federal government, aka, the American taxpayer. Additional direct subsidies are provided by the state of Texas and of course the $7B high voltage transmission lines from the windy west to the populous eastern and central Texas are being paid for by the ratepayers.

Now it seems they wind industry wants to extend the subsidies another 5 years even though they had promised they would not need additional help.

Only with very generous taxpayer assistance on top of local mandates requiring local utilities to buy wind and solar power can green energy compete.
Big Wind said it will lobby for a continued subsidy so wind power will "have parity" with the solar industry subsidies. The solar industry sun gods get even higher subsidies than wind producers. 
Today, natural gas is by far the most cost-efficient source of electric power generation in most markets. Thanks to the shale revolution, natural gas prices have fallen by about two-thirds. Only with very generous taxpayer assistance on top of local mandates requiring local utilities to buy wind and solar power can green energy compete. 

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