‘Is it time for the political fall of renewable energy?’ [Peacock in the Houston Chronicle]

By Robert Bradley Jr. -- November 18, 2020 1 Comment

“Renewables will never catch up to modern, efficient sources of energy. But this hasn’t stopped federal, state and local governments from continuing to force consumers and taxpayers to subsidize renewable energy companies, making energy in America less affordable and reliable in the process.” (- Bill Peacock, below)

Four years ago, after the election of Donald Trump, I contacted the head of the editorial page of the Houston Chronicle requesting a visit with the editorial board to introduce myself, the Institute for Energy Research (IER), and the classical-liberal worldview applied to energy. I got no response.

I then resent the request and got a curt no caps rely from the gentleman as in don’t-have-time-for you. I then responded with the fact that IER was a go-to Trump think tank, and my being the founder and from/in Houston would add interest.

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Reflections … and the Year Ahead

By Robert Bradley Jr. -- January 4, 2021 3 Comments

“Soon enough, citizens and voters will wise up to the false promises and cronyism of political energy. MasterResource will be an intellectual resource to help win the day for the master resource and the human ingenuity behind it.”

There is life outside of energy research and related public policy. I discovered some of it during the last ten days with limited responsibilities on the avocation/vocation front. But it is time to re-engage–and take time to look back and forward.

There is life outside of energy research and related public policy. I discovered some of it during the last ten days with limited responsibilities on the avocation/vocation front. But it is time to re-engage–and take time to look back and forward.

A Look Back

MasterResource, “a free market energy blog,” just turned twelve years old.

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Wind Subsidies and ‘Predatory Pricing’ in Texas (Part III: Time for Regulators to Investigate Predatory Pricing in Texas?)

By -- October 15, 2020 2 Comments

Given the obvious harm caused by the renewable energy industry’s pricing practices on grid reliability, not to mention other competitors, can regulators find predatory pricing in violation of antitrust law?

Politically correct renewables have become the energy de jour of many politicians, regulators, environmental groups, and members of the public. As such, there is little political will to take on the renewable energy industry. Antitrust regulators have long demonstrated great selectiveness in what companies they target for enforcement of potential violations.

Perhaps the most important reason can be garnered from the Federal Trade Commission’s explanation of predatory pricing:

Can prices ever be “too low?” The short answer is yes, but not very often. Generally, low prices benefit consumers. Consumers are harmed only if below-cost pricing allows a dominant competitor to knock its rivals out of the market and then raise prices to above-market levels for a substantial time.

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Wind Subsidies and ‘Predatory Pricing’ in Texas (Part II: Harming ERCOT)

By -- October 14, 2020 No Comments

“Artificially low electricity prices offered by renewable generators in Texas have led to bankruptcy for non-renewable generators, including Panda Temple PowerEnergy Future Holdings, and Exelon Generation Texas Power.”

While sellers offer special promotions, negative prices in electricity markets make no sense except in the context of renewable energy subsidies. ERCOT explains the anomaly:

Market prices tend to go negative when there is low consumer demand and the thermal generators that have chosen to remain online cannot be backed down further to allow the available, lower-cost wind generation to serve consumer demand. In situations like this, some wind generators will be curtailed to balance generation with load. In these cases, since wind is the marginal generation, it sets the market price, which may be low or negative. In 2017, system-wide negative pricing occurred during 64 hours; in 2018, as of August, during 30 hours.

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Wind Subsidies and ‘Predatory Pricing’ in Texas (Part I)

By -- October 13, 2020 No Comments Continue Reading

Inferior, Subsidized Energy Feels the Pain

By -- May 11, 2020 1 Comment Continue Reading

Robert Bryce: Guilty as Charged (DeSmog hit piece boomerangs)

By Robert Bradley Jr. -- April 28, 2020 5 Comments Continue Reading

TPPF: Fighting Back in Texas on Wind Power Subsidies

By Robert Bradley Jr. -- February 21, 2019 3 Comments Continue Reading

Texas Wind Power: New Record, Bad Economics (and capacity inhibiter for future reliability)

By -- March 12, 2013 7 Comments Continue Reading

Texas Windpower: Will Negative Pricing Blow Out the Lights? (PTC vs. reliable new capacity)

By Josiah Neeley -- November 27, 2012 5 Comments Continue Reading