Skip to main content

Wind Energy Production Tax Credit Subsidy

The U.S. wind industry's production tax credit subsidy is set to expire at the end of 2008. The wind industry has received this PTC incentive since 1993 - nearly sixteen years - and it recently has begun to prove its worth. From the American Wind Energy Association:
Thanks in part to the PTC, U.S. wind power capacity is now over 16,800 MW—or enough to serve the equivalent of 4.5 million average households—and wind has been the second largest source of new electrical capacity in the nation, behind natural gas, for the past three years.
Bravo for the wind industry - they have definitely established themselves.
My question now and many others also are wondering is: how long does the wind industry need to receive the PTC incentive? The AWEA still says they need it. Here's Kirk Sorenson's thoughts:
I keep reading on environmentalist websites how great wind is because it's supposedly cheaper than nuclear. They also talk about how terrible nuclear power is, with its government subsidies.

Well, if wind's so great, stand on your own two feet and let this subsidy expire! Then we'll really have a chance to see how wind will do on the open market.
I do need to point out that 6,000 MW of new nuclear plants built also will be allowed the same incentive. The PTC for nuclear power, however, is limited. Click here for a previous post on subsidies received by all energies since 1950.

Comments

Popular posts from this blog

Making Clouds for a Living

Donell Banks works at Southern Nuclear’s Plant Vogtle units 3 and 4 as a shift supervisor in Operations, but is in the process of transitioning to his newly appointed role as the daily work controls manager. He has been in the nuclear energy industry for about 11 years.

I love what I do because I have the unique opportunity to help shape the direction and influence the culture for the future of nuclear power in the United States. Every single day presents a new challenge, but I wouldn't have it any other way. As a shift supervisor, I was primarily responsible for managing the development of procedures and programs to support operation of the first new nuclear units in the United States in more than 30 years. As the daily work controls manager, I will be responsible for oversight of the execution and scheduling of daily work to ensure organizational readiness to operate the new units.

I envision a nuclear energy industry that leverages the technology of today to improve efficiency…

Nuclear: Energy for All Political Seasons

The electoral college will soon confirm a surprise election result, Donald Trump. However, in the electricity world, there are fewer surprises – physics and economics will continue to apply, and Republicans and Democrats are going to find a lot to like about nuclear energy over the next four years.

In a Trump administration, the carbon conversation is going to be less prominent. But the nuclear value proposition is still there. We bring steady jobs to rural areas, including in the Rust Belt, which put Donald Trump in office. Nuclear plants keep the surrounding communities vibrant.

We hold down electricity costs for the whole economy. We provide energy diversity, reducing the risk of disruption. We are a critical part of America’s industrial infrastructure, and the importance of infrastructure is something that President-Elect Trump has stressed.

One of our infrastructure challenges is natural gas pipelines, which have gotten more congested as extremely low gas prices have pulled m…

Nuclear Is a Long-Term Investment for Ohio that Will Pay Big

With 50 different state legislative calendars, more than half of them adjourn by June, and those still in session throughout the year usually take a recess in the summer. So springtime is prime time for state legislative activity. In the next few weeks, legislatures are hosting hearings and calling for votes on bills that have been battered back and forth in the capital halls.

On Tuesday, The Ohio Public Utilities Committee hosted its third round of hearings on the Zero Emissions Nuclear Resources Program, House Bill 178, and NEI’s Maria Korsnick testified before a jam-packed room of legislators.


Washingtonians parachuting into state debates can be a tricky platform, but in this case, Maria’s remarks provided national perspective that put the Ohio conundrum into context. At the heart of this debate is the impact nuclear plants have on local jobs and the local economy, and that nuclear assets should be viewed as “long-term investments” for the state. Of course, clean air and electrons …