Search Results for: "Bill Peacock"
Relevance | DateInferior, Subsidized Energy Feels the Pain
By Bill Peacock -- May 11, 2020 1 CommentPaul Gaynor, CEO of Longroad Energy, a utility-scale wind and solar developer, recently said, “Pre-pandemic, there were great dreams and aspirations for a record-setting year.” Indeed, the renewable industry was well on its way this year to a new record: the $9 billion subsidy mark. Mr. Gaynor’s dreams and those of the industry are a burden to the rest of us.
Without the subsidies, it is almost certain [that wind and solar] would be only a niche industry, supplying perhaps a percent or two of our power, rather than the 26% it is currently supplying in Texas.
For the first time last year, electricity produced from wind in Texas almost equaled the amount produced from coal. This year, it appears as if wind is going to blow coal away.
Last year, each source produced about 20% of the electricity used on the grid.…
Continue ReadingRobert Bryce: Guilty as Charged (DeSmog hit piece boomerangs)
By Robert Bradley Jr. -- April 28, 2020 5 CommentsIt’s time to move the debate past the dogmatic view that carbon dioxide is evil and toward a world view that accepts the need for energy that is cheap, abundant and reliable. (Robert Bryce)
“Despite the endless hype about electric cars, vehicles that plug into the grid remain a niche product that is sold almost exclusively to the affluent…. Lower-income taxpayers should not be subsidizing wealthy motorists who buy EVs. (Robert Bryce)
From time to time, MasterResource has posted on the profiles by DeSmog Blog: climatologist John Christy, Reaching America’s Derrick Hollie, and myself. Strangely, the targets of DeSmog can agree with the profiles in a guilty-as-charged way. The litmus test seems to be that if you do not agree with climate alarmism and forced energy transformation, you are ipso facto wrong.…
Continue ReadingTPPF: Fighting Back in Texas on Wind Power Subsidies
By Robert Bradley Jr. -- February 21, 2019 4 Comments“Across the state, Texans are fighting subsidies for big renewable energy corporations. It’s an uphill battle as negotiations of these special deals under [Texas] Tax Code Chapter 312 and 313 are hidden from public view. But numerous communities are winning.”
– Texas Public Policy Foundation, “Texans Are Winning,” February 18, 2019.
The Texas wind industry has been constructed on the backs of US taxpayers, state and local taxpayers, and captive electricity ratepayers. The ruse can be traced to 1999 when an Enron-driven electricity restructuring law provided a 2,000-MW renewable-energy quota for Texas (think Enron Wind Corp.). Texas governors George W. Bush and Rick Perry were instrumental in the crony crusade, unfortunately, a story told elsewhere.
The takeoff of this politically correct, economically incorrect power source is explained by concentrated benefits, diffused costs.…
Continue ReadingTexas Wind Power: New Record, Bad Economics (and capacity inhibiter for future reliability)
By Bill Peacock -- March 12, 2013 7 Comments“Renewable energy subsidies harm the reliability of Texas electricity markets by resulting in artificially low sales prices, victimizing conventional energy generators and investors. Why build a new gas-fired plant when spot prices might be below production cost because wind receives a $0.02/kWh federal production tax credit?”
Last month, a cold front propelled Texas to a new record for wind power, according to the Electric Reliability Council of Texas (ERCOT). Wind-generated electricity provided 9,481 MW on Feb. 9, almost 28 percent of the power generated in ERCOT at that time. This surpassed the previous record of 8,667 MW set only two weeks earlier.
Hold the applause. These records are being set because of Texas’s renewable-energy mandate–the strictest in the nation–and a raft of special tax subsidies. This government largesse harms taxpayers, consumers, and businesses as documented in a study released by the Texas Public Policy Foundation (TPPF) last November.…
Continue Reading