“Another factor [for the inaugural project] is a new federal tax credit of 1.5 cents per kilowatt hour on wind power that begins Jan. 1. There was an earlier federal subsidy that fueled the first boom, but it expired in 1985.”
“Wind Farm Awaits State’s Go-Ahead,” read the title of a Houston Chronicle business article (November 18, 1993). The state’s first major wind power project was timed to receive the brand new federal Production Tax Credit enacted in the Energy Policy Act of 1992 (1.5 cent/kWh, inflation-adjusted).
Note the following:
“First wind and solar–and now batteries. How can a business editorialist not talk about cost and opportunity cost? Does $65 billion and counting ring a bell? I guess when you are a climate alarmist, economics does not matter.”
“‘Demand response’ is more government intervention to rescue prior. ‘Virtual power plants’ are the ultimate government takeover of the grid. Wound the supply side, load it up with costs, and force demand down.”
In “Natural Gas, Coal and Nuclear Power are Failing the Texas Grid, New Tech is the Future,” Houston Chronicle business editorialist Chris Tomlinson carries the water for Green New Deal/Net Zero interests, including his wife’s business of wind/solar origination. His 750-word piece is a tissue of half-truths and misdirection that only church-going climate alarmists can like.
CHRIS TOMLINSON COMMENTARY
The Texas electric grid’s biggest failures so far this summer are coming from the supposedly most reliable generators: fossil fuels.…
“The idea that the ‘man of system’ would be so enamored of his own system that he would impose it on others without much regard for their preferences or, to use the phrase of one of the participants, for their moral autonomy, continues to be a power criticism of interventionist approaches to government. To put it in my girl-next-door vernacular, how arrogant are you to think that you should impose your system on me?” – Lynne Kiesling on Adam Smith (and herself?)
Oh how the author of the above quotation needs to look in the mirror with an impartial observer at hand. Oh how this person has fallen into the collectivist/planner trap so well recognized by Adam Smith. Stage one was her embrace of mandatory open access for electricity … Stage two was remaining quiet on climate alarmism/forced energy transformation … Stage three was silence on the wind/solar takeover in Texas … Stage four was blaming natural gas for the Texas debacle … Stage 5 is pushing for a ‘virtual powerplant’ approach of more wind, more solar, more batteries, and demand-side control. …