Monday, August 3, 2020

Wind and Solar Subsidies Increase Texas Electricity Costs


"Key Points

  • Texas wholesale electricity prices jumped 13% in 2019, compared to drops from 15% to 30% in other markets
  • Retail electric prices in Texas increased by 6.8% last year, more than the 1.3% increase in U.S. retail prices
  • Renewable energy subsides in Texas last year cost $2.4 billion, and have totaled $19.4 billion since 2006
  • Wind and solar generation have increased this year by 5,432,001 MWh. Natural gas, which has increased only 2,352,049, and coal has decreased by 7,351,523 MWh
  • The all-in cost of wind and solar generation in Texas was $67.9 per MWh"
Read the entire article here.

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