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Federal renewable energy subsidies reduce reliability, hinder the market

Parker County Blog

By Cutter González|November 2, 2018   
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The coming year could be a watershed moment for energy policy in the United States. The infamous Production Tax Credit (PTC), a federal subsidy for renewable energy, is set to expire, marking a potential step toward more reliable energy, a freer market and a change in the energy production landscape for the better — should we allow it.

The PTC is a $24-per-megawatt-hour credit based on production rather than demand. That means those who produce renewable energy can receive the credit regardless of whether or not that electricity is actually needed. The incentive is so immense that at peak hours of output, wind producers can actually pay retail electric providers, the companies that deliver the energy to homes and businesses, to take their product.

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President Trump’s Message: JOBS

President Trump presented a compelling editorial to the American people, focusing on the economic recovery that has taken place under GOP leadership. Fox News published the President’s Oped: For many Americans, the Great Recession brought dark days we will never forget – and never want to repeat. It wasn’t long ago that economists told us …

Source: President Trump’s Message: JOBS