Alex Epstein

@AlexEpstein ↗

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Last Checked Sept. 28, 2022

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Wed Sep 21 17:50:50 +0000 2022

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Alex Epstein @AlexEpstein

Why is America shutting down too many reliable power plants? Two of the chief villains are the subsidies known as the Investment Tax Credit (ITC) and Production Tax Credit (PTC). These subsidies had expired. But the IRA restored and extended them. — PolitiTweet.org

Posted Sept. 21, 2022

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Alex Epstein @AlexEpstein

We’re in a growing electricity crisis caused by shutting down reliable power plants and not replacing them with reliable power plants. The IRA’s response to this crisis is to double down on one of its main causes: subsidies for unreliable solar/wind. https://t.co/eBFxHE5pR7 https://t.co/kaCxqmatRN — PolitiTweet.org

Posted Sept. 21, 2022

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Alex Epstein @AlexEpstein

The "ITC" and "PTC" solar/wind subsidies pay utilities to shut down or slow down reliable gas and coal plants whenever the sun shines or the wind blows. This *defunds* reliable plants, causing many to be shut down. The IRA extends these ruinous subsidies *indefinitely*. — PolitiTweet.org

Posted Sept. 21, 2022