Putting an end to Texas’ $4.3 billion electricity tax
(Originally published in The Dallas Morning News, July 20, 2020.)
With the arrival of July, Texans know to be ready for 100-plus degree weather for the next couple of months as widespread extreme heat is expected this summer. It might surprise them, though, to know that the prices they pay for electricity might rise even faster than the summer heat…
Texans paying a high price for the privilege of a less reliable market
Today the Energy Alliance released The High Cost of Renewable Energy Subsidies. The report catalogues the cost of subsidies provided to Texas wind and solar generators: about $19.4 billion since 2006, with another $15.9 billion projected over the next decade.
“Texans are paying a high price to support expensive and inefficient renewable generation,” said Bill Peacock, policy director for the Energy Alliance. “These federal, state, and local subsidies for renewable energy are undermining the reliability of the Texas electricity market.”