Stop Subsidizing Renewables!
The Wall Street Journal headline sums it up, "A Texas-sized Energy Fiasco: Austin passes subsidies for gas power to counter wind-power subsidies that have destabilized the state electric grid."
Crazy and expensive!
From the newspaper's opening paragraph: "Renewable subsidies have distorted and destabilized the Texas electric grid, which resulted in a week-long power outage during the February 2021 freeze. To prevent more blackouts, Republicans in the Lone Star State now plan to subsidize gas power plants.
The Texas Senate last week passed putative energy reforms to 'level the playing field,' as Lt. Gov. Dan Patrick put it. Texans will now spend tens of billions of dollars to bolster natural-gas plants that provide reliable power but can’t make money because of competition from subsidized renewable energy."
Also from Rep. Friske: "You look at other places [TEXAS] that have implemented this crazy Green New Deal ... and people are freezing, and the energy grid has gone to toast."