Subsidies

More News and Commentary

China plans reductions in solar, wind subsidies

Reuters: China will speed up efforts to ensure its wind and solar power sectors can compete without subsidies and achieve “grid price parity” with traditional energy sources like coal, according to new draft guidelines issued by the energy regulator. As it tries to ease its dependence on polluting fossil fuels, China has encouraged renewable manufacturers […]

September 17, 2018 Read More →

Utilities continue to close coal units as talk of bailout plan persists

Bloomberg: President Donald Trump has ordered a rescue of the nation’s struggling coal and nuclear power industries, but that doesn’t mean utilities are reconsidering the shutdown of unprofitable plants. Many power generators contacted said Trump’s June 1 announcement hasn’t altered their plans to retire old units even as the administration dangles the prospect of using […]

June 18, 2018 Read More →

Maryland-based electricity-development company: Subsidies are the ‘wrong way to go’

RTO Insider: Competitive Power Ventures, which last week celebrated the opening of its new 805-MW combined cycle gas-fired power plant in Oxford, Conn., would like to build more gas plants. But it said it is wary of subsidized competitors. The company announced Thursday that is has begun selling power in ISO-NE from its Towantic Energy […]

June 18, 2018 Read More →

Even potential beneficiaries say Trump subsidy plan is the wrong approach

S&P Global Market Intelligence ($): President Donald Trump’s decision to invoke national security in a bid to preserve U.S. coal and nuclear power plants could present a major obstacle to the many opponents of potential government intervention in electricity markets unless they can persuade Congress to take action. The Defense Production Act was designed in […]

June 18, 2018 Read More →

Trump Administration Considers Market Interventions to Stop Retirements of Coal and Nuclear Plants

Bloomberg: Trump administration officials are making plans to order grid operators to buy electricity from struggling coal and nuclear plants in an effort to extend their life, a move that could represent an unprecedented intervention into U.S. energy markets. The Energy Department would exercise emergency authority under a pair of federal laws to direct the […]

June 1, 2018 Read More →

Number of Renewable Energy Jobs Tops 10 Million

CNBC: Over 500,000 new jobs were generated by the renewable energy industry last year, a 5.3 percent rise when compared to 2016, according to a report. The number of people working in the renewable energy sector—including large hydropower—hit 10.3 million in 2017, the International Renewable Energy Agency (IRENA) study said. The world’s biggest renewable energy […]

May 9, 2018 Read More →

Federal Subsidies Favor Taxpayer-Owned Oil, Gas, and Coal

The Hill: President Trump’s energy policies have established a wide-spread effort to rig the economy in favor of big energy and mining companies at the expense of the American public, while burying the evidence in secrecy. Early on, the Trump administration and Congress acted to keep its energy giveaways secret by repealing requirements that fossil […]

January 25, 2018 Read More →

Commentary: Unwarranted Coal Bailout Proposals Threaten Clean Energy Transition

The Hill: This is set to be the year that America decides if it values clean, affordable energy or political cronyism in its electricity markets. The Federal Energy Regulatory Commission’s (FERC) recent rejection of Secretary of Energy Rick Perry’s plan to force electricity customers across the country to pay billions of dollars to prop up uneconomic […]

January 18, 2018 Read More →

IEEFA Update: Markets Speak Louder Than Words — Federal Regulator Rejects U.S. Plan to Subsidize Coal and Nuclear Plants

Trump's Own Panel Says Grid is Operating Reliably as More Renewables and Natural Gas are Added

The Federal Energy Regulatory Commission’s (FERC) stunning decision yesterday to reject Department of Energy Secretary Rick Perry’s plan to subsidize operations of financially vulnerable coal plants shows just how powerfully energy markets in the United States are shifting. FERC said the evidence does not support Perry’s claim that retiring more coal and nuclear plants would […]

January 9, 2018 Read More →

FERC Rejects Perry’s Coal, Nuclear Subsidy Plan

AP: An independent energy agency on Monday rejected a Trump administration plan to bolster coal-fired and nuclear power plants, dealing a blow to President Donald Trump’s efforts to boost the struggling coal industry. The decision by the Republican-controlled Federal Energy Regulatory Commission was unexpected and comes amid repeated promises by Trump to revive coal as […]

January 9, 2018 Read More →