The subsidies are $3.10 per million watt hours generated for nuclear power, 84 cents for hydropower, 64 cents for coal and 63 cents for natural gas.
Wind companies actually pay utilities to take their power so they can knock down federal subsidies. This displaces cheaper forms of reliable electricity.
"The net result is that federal subsidies are triggering an inefficient and costly transformation of grid
resources from low-cost megawatts to high-cost 'maybe' watts-electricity generated only when the wind blows," Gramm wrote.
Because wind varies, utilities must continue to
generate electricity from coal and the like as a back-up plan in case the wind dies down.
As it does, to spectacular effect. When Chicago hit a peak demand on July 6, 2012, wind farms with 2,700 megawatts of capacity were able to supply only four megawatts of electricity.
A bankrupt federal government should have abandoned such energy madness long ago. There's simply no excuse for perpetuating it now.