Losing the race to sound conclusions on the Production Tax Credit

Michael Giberson When I worked on public policy issues in Washington, DC, I used to read the National Journal. It tended a bit toward Washington-establishment thinking, but at least it gave evidence of thinking. Now much farther from the daily fray, I only occasionally come across the National Journal, and usually just the so-called Energy … More Losing the race to sound conclusions on the Production Tax Credit

Any economic historians in the audience who can spot check this energy development claim?

I want to believe that the level of discourse on matters of importance in our nation’s capital is higher than that exhibited in the National Journal’s energy blog collection of opinions on the case for the Production Tax Credit. I want to, but evidence pulls me toward oblivion. … More Any economic historians in the audience who can spot check this energy development claim?

The fraying of support for wind power’s PTC subsidy

Michael Giberson The coalition in support of  wind power’s Production Tax Credit has always had a bit of a “Baptists and Bootleggers” flavor: environmentalists making a clean and green argument in favor of wind power and the multinational wind power development corporations funding the political muscle needed to get things done. The coalition has proven … More The fraying of support for wind power’s PTC subsidy

The WSJ’s awful editorial against the wind power industry

Michael Giberson Like the editorial board of the Wall Street Journal, I’d like to see the Production Tax Credit for wind and other renewable energy technologies expire at the end of this year as scheduled. So policy-wise, I’m with them. Still, their editorial against the wind power policy yesterday was awful and it deserves public … More The WSJ’s awful editorial against the wind power industry

Environmental benefits and the production tax credit for wind power

Michael Giberson Wind power has been subsidized by state and federal governments in the United States because it is seen as clean and renewable, and perhaps even because wind power is seen as glamorous. Consumers pay higher electric rates and taxpayers pay higher taxes to support these subsidies, and it is a quite reasonable public … More Environmental benefits and the production tax credit for wind power

Negative power prices in ERCOT West – 2009 so far

Michael Giberson If you thought power prices in ERCOT’s West region were interesting in 2008, keep an eye on the prices in 2009. (For background see my earlier post on negative prices in ERCOT West for 2008. Note on updated data here.) Late 2008 saw a few developments of note for the region: Almost 2000 … More Negative power prices in ERCOT West – 2009 so far

Frequent negative power prices in the West region of ERCOT result from wasteful renewable power subsidies

Michael Giberson What is with all of the negative power prices in the West region of ERCOT? In the first half of 2008, prices were below zero nearly 20 percent of the time. During March, when negative prices were most frequent, prices were below zero about 33 percent of the time. After mostly taking the … More Frequent negative power prices in the West region of ERCOT result from wasteful renewable power subsidies