…the more states support renewables, the more they pay for conventional power plants, too, using “capacity payments” to alleviate intermittency. In effect, politicians rather than markets are once again deciding how to avoid blackouts.” And we know politicians are really smart about energy as Kemper proves.
$2.2 billion solar plant not producing expected electricity and killing thousands of birds. Kemper’s $6 billion gasifier is not producing electricity either. But at least it’s not killing thousands of birds. Is it?
Public electric utilities: These legal monopolies get to be the only show in town in exchange for having regulators set their prices. In turn, the regulators are supposed to set fair rates that are affordable to customers and compensate power companies enough to incentivize them to do business. Public electric utilities: These legal monopolies get […]
A look at the cost of different types of new power plants from the Institute for Energy Research, based on U.S. Energy Information Administration data, reveals two factors for public officials to keep in mind when deciding what kind of plants to build. A look at the cost of different types of new power plants […]