ABB_id2059
in News Departments > Policy Watch
print the content item

On Feb. 11, U.S. Sen. Lamar Alexander, R-Tenn., told energy regulators that not renewing the wind production tax credit (PTC) "would help to produce new jobs because subsidizing wind drives up costs, undercuts reliable electricity and chases away jobs."

In an address to the National Association of Regulatory Utility Commissioners, Alexander said, "We are at a fork in the road that will determine whether our country can compete for good jobs in a 21st-century economy. The surest path toward cheap, clean, reliable energy is to end Washington's obsession with wasteful energy subsidies and rely instead on free enterprise and government-sponsored research.

“The right first step on that path is to not renew the massive wind production tax credit. Or, we can take the path of Germany, subsidizing domestic wind and solar and buying energy from other countries as part of a costly cap-and-trade scheme that drives up the cost of electricity and chases away jobs,” he said.

Alexander claimed that U.S. wind subsides are so generous that, in some markets, wind producers can “give their power away and still make money.” This undercuts more reliable and affordable forms of energy, such as nuclear and coal plants, he added.

The senator cited a study by the Center for Strategic and International Studies, which found that such “negative pricing” tied to wind subsidies could close as much as 25% of the nation’s nuclear plants by 2020.

“Nuclear power today is 60 percent of our clean, cheap, reliable electricity,” he said. “Think of what could happen with blackouts and lost jobs if as much as 25 percent of nuclear power disappeared within six years.

“The United States uses 20 percent of all the electricity in the world. We need reliable, cheap power and lots of it, not expensive power that only is available when the sun shines and the wind blows,” he continued.



Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015