How much would you pay for an Uber if you didn’t know when it would pick you up or where it was going to drop you off? Probably not much.
Yet this is the same effect that variable generation sources like wind and solar have on our power grids.
You never know if these energy sources will actually be able to produce electricity when you need it — because you don’t know if the sun will be shining or the wind blowing.
Even so, the federal government has subsidized these sources for decades, resulting in higher electricity prices and a less stable grid.
President Donald Trump knows what to do: Eliminate green tax credits from the Democrats’ so-called Inflation Reduction Act, including those for wind and solar power.
The One Big Beautiful Bill seeks to do that: Along with other proposals, like canceling billions in Biden Green New Deal money and making much-needed investments in the Strategic Petroleum Reserve, it aims to set an aggressive end date for these subsidies and build on the president’s push for affordable, abundant, and secure energy for the nation.
The House bill begins phasing out these tax credits within three years, saving hundreds of billions for American taxpayers.
As secretary of energy — and someone who’s devoted his life to advancing energy innovation to better human lives — I, too, know how these Green New Deal subsidies are fleecing Americans.
Wind and solar subsidies have been particularly wasteful and counterproductive.
By Chris Wright
