WASHINGTON (Oct. 16, 2019) – The United States just went through a scorching summer that tested the limits of electric reserves in parts of the country. While electric markets in places like Texas passed this test with flying colors, some are still trying to use this as an opportunity to demonize renewable energy.
In a new policy study, R Street Resident Senior Fellow on Energy Josiah Neeley finds that electric markets are up to the task of providing affordable and reliable power when people need it. He goes on to say that renewable energy resources like wind and solar need not threaten electric reliability and can save consumers money overall.
He argues that subsidies for all energy sources, including renewables, should be opposed, but this is no reason to be against renewable energy in general.
He concludes that, “electric markets rely on a variety of resources to deliver cheap, reliable power to consumers, including renewables and demand-side resources like demand response.”