Download Model Legislation: Eliminate Texas’ Renewable Portfolio Standard
Texas Renewable Portfolio Standard forces Texas retail electric providers to purchase either renewable energy or renewable energy credits. The renewable energy credits trading program has already costs Texas $627 million, and will cost Texas consumers another $27 million in 2023.
Wind and solar generation in Texas have received $26 billion of subsidies since 2006. It’s time for the wind industry to stand or fall on its own without government support. Concerns about the reliability of the Texas electricity market have highlighted the problems caused by renewable energy subsidies. They are also expensive.
Ending the credits program will benefit Texas consumers and improve the reliability of the electricity grid. This model legislation would eliminate the Texas Renewable Portfolio Standard and the Renewable Energy Credits program. Similar legislation was filed in the 2013 regular session as HB 2026
Go here to find more research on renewable energy and its subsidies.
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