Most of the electricity bills this session had one thing in common—they were going to make electricity more expensive for Texas consumers or taxpayers. Fortunately, most of them didn’t pass.
The major bill that did pass provided incentives, i.e. subsidies, for electricity generation plants equipped with carbon capture technology. But it may not wind up costing consumers anything, since the technology for carbon capture is so expensive that even subsidies may not make such a project feasible.
Consumers were saved from at least tens of millions of dollars in increased electricity rates when several renewable energy and energy efficiency bills died at the end of session. Though there is talk of including solar subsidies on the call for the upcoming special session—the Center will be releasing a paper on this issue detailing the high cost of solar.
This post was first published by the Texas Public Policy Foundation.
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