Research by the Energy Alliance reveals that under the Biden administration, average wholesale electricity prices rose by 72% compared to the Trump era, with Texas seeing the highest average price and a 208% increase. California and New York followed, with all three states heavily investing in renewable energy subsidies.

U.S. federal subsidies for renewable energy are accelerating the transition from fossil fuels to renewables, resulting in higher costs and increased grid unreliability. Renewable subsidies, which have surged in recent years, are cited as the key factor behind the commercial success of wind and solar energy. This shift distorts the energy market and undermines the reliability of the U.S. electric grid. Lawmakers should eliminate all energy subsidies to allow market forces to determine the energy mix.

A decade of government-imposed costs has added over $84 billion to Texans’ electricity bills, with further increases projected through 2028.

A newly released paper by the Energy Alliance, The End of Texas’ Energy-Only Electricity Market, shows that Texas Gov. Greg Abbott’s recent order for the Public Utility Commission of Texas to proceed with a redesign of the Texas electricity market will not improve the reliability of the Texas grid.

The Energy Alliance today released a new study, The Decline and Fall of Reliability, Affordability, and Competition in ERCOT, that explains the connection between political interference and the decline in generation adequacy and reliability in the Texas grid.

The Energy Alliance recently filed comments on the Security and Exchange Commission’s Climate-Related Disclosure Rule encouraging the SEC to halt consideration of the rule. The rule would add billions of dollars of compliance costs to the American economy while steering investment into more expensive and less reliable forms of energy.

The Energy Alliance today submitted a letter to Texas Attorney General Ken Paxton challenging the decision by the Public Utility Commission of Texas not to release documents related to the “electricity tax” it imposed on Texans.

“Last year, PUC commissioners added $3.6 billion to the wholesale price of electricity in ERCOT,” said Bill Peacock, the policy director of the Energy Alliance who submitted the request. “The same thing could be happening this year, but the PUC will not release information in its possession that might inform the public how much electricity prices are being increased.”

The Energy Alliance today released Texas’ $3.6 Billion Electricity Tax. The report examines the cost of artificial price increases imposed on Texans by the Public Utility Commission of Texas in response to the harm caused by renewable energy subsidies.

“Texans are paying generators an extra $3.6 billion for electricity because Texas policymakers won’t stand up to the renewable energy lobby,” said Bill Peacock, the author of the report and policy director of the Energy Alliance. “Rather than eliminate renewable energy subsidies to restore the reliability of the grid, regulators decided to heap one subsidy on top of another at the expense of Texans.”

The Energy Alliance today released Predatory Pricing in the Texas Electricity Market. The report examines the effects of renewable generators in ERCOT undercutting the prices of their competitors by selling electricity below their costs, and even their marginal costs, to gain market share.

“Pricing by renewable generators in Texas is similar to the classic anticompetitive behavior in antitrust theory known as predatory pricing,” said Bill Peacock, the author of the report and policy director of the Energy Alliance. “Yet, despite the obvious harm this is causing to competition and the reliability of the electric grid, policymakers have not addressed the underlying cause for this, renewable energy subsidies.”

The Energy Alliance today released Wind and Solar Subsidies Increase Texas Electricity Costs. The report examines the increase in Texas electricity prices in 2019 and its relationship to renewable energy subsidies.

“Renewable energy subsidies make electricity much more expensive,” said Bill Peacock, the author of the report and policy director of the Energy Alliance. “The costs show up not only on electricity bills but on tax bills as well.”

Today the Energy Alliance released The High Cost of Renewable Energy Subsidies. The report catalogues the cost of subsidies provided to Texas wind and solar generators: about $19.4 billion since 2006, with another $15.9 billion projected over the next decade.

“Texans are paying a high price to support expensive and inefficient renewable generation,” said Bill Peacock, policy director for the Energy Alliance. “These federal, state, and local subsidies for renewable energy are undermining the reliability of the Texas electricity market.”