Jason Isaac: ERCOT’s Phantom Reserve Margins Spell Trouble for Summertime
Texas is often held up as an example by wind advocates of the free market choosing wind. These talking points may appear to be persuasive, but there are three main problems with this logic. Wind in Texas is still driven largely by federal subsidies. These subsidies allow wind turbine operators to make money even if the price of electricity is negative. Texas families and businesses were forced to pay $7 billion to build a transmission line from the windy panhandle to the populated areas of the state, amounting to another giant subsidy. Texas came very close to blackouts last summer,...
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