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Green Power Shifting Costs onto Ratepayers Who Don’t Use It
“Cost Shifting, a situation where the price of one product or service is higher than it should be in order to pay for losses on another product or service for which the price is too low.’”
– Cambridge Dictionaries Online
California Energy Markets recently reported that three California cities just won agreement from regulators to reclassify solar power transmission costs as distribution.…
Continue Reading“The April 3rd action by the Senate Finance Committee certainly helps explain why a recent Gallup Survey shows that Congress currently has a 13% favorability rating. If the nation’s ‘Millennials’ understand how the Congress is adding to the debt that they and their children will bear, they may assign an even lower rating!”
The Senate Finance Committee that manages to make life miserable for millions of tax-paying Americans with its manipulation of the U.S. Tax Code. The Committee’s latest aids its friends, punish ordinary taxpayers, and loads another $85 billion in debt on our children and grandchildren.
On April 3, 2014, by “voice” (no fingerprints) vote, the Senate Finance Committee reported out an $85 billion tax break ”extender” bill — which the Committee calls the “EXPIRE Act.” [1] The bill includes billions in unwarranted tax breaks for special interests, including the wind industry.…
Continue Reading“Negative prices are not the goal of any healthy economy, yet the PTC fosters this behavior at the expense of other, reliable generation. Building more infrastructure to correct for this problem is exactly the wrong thing to do.”
The last extension of the federal production tax credit (PTC) [1], its eighth in over twenty years, expired at the end of 2013 and the industry is again clamoring for another extension. But this time, big wind is facing a more sophisticated argument advanced by critics who contend that the PTC is artificially depressing wholesale power prices, disrupting market signals and undercutting more reliable generation including Exelon’s fleet of nuclear power plants.
Wind for nuclear–and in a way that increases greenhouse gas emissions, or certainly fails to reduce it? The irony for climate policy has been noted by James Hansen who was informed that renewable-energy subsidies were intended to “kill nuclear.” …
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