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For Cheaper Power, More Secure U.S. Grid, Look Forward, not Back
Renewable Energy World: On January 8, the Federal Energy Regulatory Commission (FERC) unanimously rejected a plan to subsidize aging power plants in the name of grid resilience and energy security. The proposal, one commissioner observed, "had little, if anything, to do with resilience, and was instead aimed at subsidizing certain uncompetitive electric generation technologies."
Unfortunately, this attempt to turn back the clock to technologies of the past refuses to die. Instead, it has returned in a new guise – as a bailout looking for a national security emergency. The irony here shouldn't be lost.
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