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8/20/2024

Energy Realism last week looked at what electricity policies our country really needs. Stop favoring wind and solar and let the market determine winners and losers. 

Raymond Gifford got us started last week: we need to look at the recent results from the PJM Capacity Auction. The costs were scarily high. There are no easy answers to PJM’s capacity crisis. The auction results are so jarring that a good Marxist would celebrate the result as “heightening the contradictions” so that a revolution can come along. In fact, why are any energy resources getting handouts? Why can’t we allow the market to determine where we go? Craig Shirley explains why the obsession with taxpayer funding for nuclear might be fool’s gold. If there are plans for a new nuclear plant, you can bet that the owners are counting on some sort of taxpayer subsidies to fund it, whether it is tax incentives or subsidies. Patrice Douglas argues that we’re going to need an all-of-the-above approach. A scorching summer is showing this once again. To ensure Americans have access to reliable, affordable energy this summer and beyond, policymakers should be focused on boosting domestic energy production and accelerating energy infrastructure projects by cutting through bureaucratic red tape. 

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