Robert Bryce a senior fellow with the Center for Energy Policy and the Environment at the Manhattan Institute ,discusses subsidies given to the wind industry and there lack of success.
In some cases the
Production tax credit subsidy 2.2 cents per kilowatt of electricity produced,
exceeds the market price of electricity being produced by other generators.
Subsequently, some
wind companies are bidding in negative prices. They are paying to put their
electricity into the grid so they can collect the Production tax credit.
Robert Bryce recently released a report subsidizing big wind.
"No other segment of the energy sector gets as much preferential treatment as the wind-energy industry. Up until last year, the corn-ethanol industry enjoyed both a mandate and a subsidy. Congress ended the corn-ethanol subsidy, but the industry still enjoys a mandate. The wind-energy sector is lobbying hard in Congress to retain the production tax credit even though more than 220 million people live in states with mandates on renewable-electricity production. The wind industry has had 20 years of subsidies. If it cannot manage to stay in business without subsidies, it doesn’t deserve to be in business."
This must read report tells us the real cost to tax payers
Direct Subsidies, Subsidies in the Form of Mandates, Subsidizing Wind-Energy Jobs, Subsidizing Wind Companies by Exempting Them from Prosecution.
Link here to read the Bryce report ~ subsidizing big wind.
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