A Free-Market Energy Blog

Texas’s “Solar Session” Fails to Enact Renewable Mandate #3 (a reality check for a federal RES?)

By Robert Bradley Jr. -- June 9, 2009

“We can push solar, and that’s great. But somebody’s got to pay for it. You can’t have those who can barely afford their energy bills subsidizing it.”

– Texas Rep. Sylvester Turner, quoted in the Houston Chronicle

The Houston Democrat made a national statement, not just statewide one, in reference to proposed legislation to surcharge ratepayers to subsidize solar roofs. Such sentiment beat back a well-funded effort by national environmental pressure groups and the solar industry. Has the decade-old Enron-launched artificial stimulus to uneconomic, unreliable renewables reached its apogee? Might existing and planned renewable programs enacted at the expense of ratepayers and taxpayers be reconsidered by the Public Utility Commission of Texas and the 82nd Texas Legislature in 2011?

Background

The Texas Legislature, which meets every two years, fell to Enron and environmental lobbyists back in 1999 when the nation’s strictest renewable energy mandate was passed and signed into law by then Gov.…

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Busting the “Clean Energy Bank” (another problem with Waxman-Markey)

By Jerry Taylor -- June 8, 2009

Buried within the controversial Waxman-Markey “cap and trade” bill to reduce greenhouse gas emissions (formally known as HR 2454, “The American Clean Energy and Security Act”) – a bill that may well reach the House floor for a vote before the July 4th recess – is another fairly arresting proposal: the creation of a federal “clean energy bank.” The idea (found in subtitle J, addressing “Nuclear and Advanced Technologies”) is to use federal tax dollars to provide subsidies (in particular, direct loans, letters of credit, loan guarantees, and insurance products or other credit enhancements or debt instruments) to private business in order to “promote access to affordable financing for accelerated and widespread deployment” of clean energy, energy infrastructure, energy efficiency, and manufacturing technologies.

 The Senate is considering similar legislation in the form of S 949, “The 21st Century Energy Technology and Deployment Act,” but it would go further and also allow indirect subsidies as well, including securitization, indirect credit support, the acquisition or selling of debt or interest in the debt; and secondary market support through lending on the security of debt. …

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New Zealand Windpower: Great Winds, Bad Electricity

By Bryan Leland -- June 6, 2009

The steady winds of New Zealand have allowed the country’s wind turbines to have the highest capacity factors for the wind in the world (around 37–40 percent). However, wind still has a cost premium to alternatives and is intermittent. In addition, output is about 10 percent below average in the autumn and early winter when it is most needed in New Zealand. The country’s abundant hydro resources (and pumped storage) cannot rescue wind from its intermittency and seasonality problems.

Prospectively, greater reliance on wind from government edicts is throwing good money after bad. Non-intermittent sources are far cheaper, not just reliable. A let-the-market-decide policy is needed in New Zealand as for the rest of the world.

Background 

The enthusiasm for renewable energy in the form of windpower, marine power, and the like, is driven by a belief that man-made greenhouse gases will cause dangerous global warming and that large-scale adoption of these technologies will “fight climate change.”…

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Cost/Benefit Analysis Cannot Justify Waxman-Markey’s Aggressive Targets

By Robert Murphy -- June 5, 2009
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When the Cap Isn’t a Cap, the Trades are a Charade

By Kenneth P. Green -- June 4, 2009
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Clean Air Act Regulation of CO2: Rough Road Ahead

By -- June 3, 2009
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How Much Will Obama’s Oil-and-Gas Tax Policy Cost Us? We Can Stop Guessing Now

By Donald Hertzmark -- June 2, 2009
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“Repower Texas”: Taxpayers, Ratepayers, Economic Energy Producers Beware!

By Robert Bradley Jr. -- June 1, 2009
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Energy Reality Wins at Exxon Mobil Annual Meeting (Atlas is not shrugging at this substance-over-form company)

By Robert Bradley Jr. -- May 30, 2009
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Smart Grid: Can ‘Smart Metering’ Overcome the Hassle Factor? (transaction costs matter too)

By -- May 29, 2009
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