In the News
Ohio Passes Controversial Bill to Bail Out Nuclear and Coal Plants
From Greentech Media:
Free-market think tank R Street Institute wrote in May testimony that HB 6 would replace more cost-effective subsidies for efficiency and renewables with subsidies for money-losing technologies, thus driving up electricity costs.
R Street also noted that the scale of the generation to receive subsidies under the bill is “so large, on a megawatt-hour basis, as to make up a significant portion of the total megawatt-hours that the state uses,” a move that could “contradict Ohio’s policy decision to promote competition in electricity” as part of the 11-state region served by interstate grid operator PJM.