What Energy Subsidies Really Look Like
Typically, the US subsidizes technology like electricity, telephone, or internet access to support the public good, not to pick winners or losers or reward a specific industry.
However, the recent administration has cancelled subsidies for technology they don’t like (or that has interfered in the President’s private affairs, like wind and solar near his golf courses). Such private grievances have typically not been seen in public policy.
The US policy under this President supports coal and nuclear energy and undermines solar and wind. This has been well documented.
However, what does such government policy actually cost us, the taxpayers?
How about $950 million in taxpayer funds? These funds were issued by the US Department of Energy to refurbish 11 coal plants (most of these plants were closed or closing due to age).
Add $860 million because grid operators were forced to issue operational orders to run these plants at higher-than-market costs.
Over $1 billion wasted on technology and pollution from power plants that are not economically or environmentally competitive.
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Additional Information:
How much are Trump’s pro-coal policies costing us? | Canary Media

