“As Texas faces the possibility of high temperatures this summer and the certainty that wind will operate at only a fraction of its installed capacity during periods of peak demand, it is possible the Legislature may adjourn on May 31 having done nothing to address the harm renewables are doing to the Texas grid.”

Despite years of increasing reliance on intermittent generation sources like wind and solar, Texas policymakers seem to have been caught by surprise by the prolonged blackouts experienced by millions of Texans in February.

They should not have been. While temperatures dropped into the single digits for extended periods over much of Texas, solar and wind generators were largely no-shows on the Texas grid.

While other factors were in play, it was renewables that led Texas into darkness.…

One of the telltale signs of how broken the Texas electricity market is: The number of corporations with multi-billion dollar market caps coming here in pursuit of billions of dollars of renewable energy subsidies. The Spanish multi-national electric utility company, Iberdrola, which describes itself as “the utility of the future,” is the latest.

Enter Iberdrola:

July 08, 2020 – Iberdrola Texas today announced its entrance into the Texas marketplace, offering customers a more affordable, renewable energy option that’s 100% sourced within the state. Texas is the number one state for wind production in the U.S., and Iberdrola’s presence in Texas will meet the demand for reliable and competitive green energy options. Iberdrola Texas sets itself apart by providing consumers with wind energy generated from its Iberdrola group-owned Texas wind farms.

Roughly 3.3 billion people—about 45 percent of all the people on the planet—live in places where per-capita electricity consumption is less than 1,000 kilowatt-hours per year, or less than the amount used by my refrigerator.

By 2017, more than 6,600 coal-fired power plants, with a combined capacity of about 2,000 gigawatts, were operating around the globe…. Not only that, coal’s share of global electricity production has remained nearly constant, at about 40 percent, since the mid-1980s. Why is this? For the simple reason that coal is cheap and widely available.

Americans are currently facing significant uncertainty over how the drop in oil prices, the COVID-19 virus, and governments’ response to both will harm the economy and their long-term prosperity.

However, the harm caused by governments that limit access to affordable and reliable electricity is well understood.…

“With Texas wind power capacity at more than double the state’s RPS minimum, repeal is unlikely to do much to change the profile of renewable energy in Texas. But repeal is still important, because it sends a clear signal that markets, not politics, should decide what kinds of energy Texans use.”

Texas has always been big on energy. The state’s long history of oil and gas production is well known. And on the electric generation side, Texas ranks first in the nation nuclear power and has the most installed wind capacity of any state.

While the willingness to develop our energy potential is unrivaled, the means has not always been the best. Like in other states, and the U.S. as a whole, Texas has periodically tried to prop up or hold back different forms of energy via special protections, subsidies, or mandates, rather than letting markets and the price system decide the best energy mix.…