Texas electric costs hiked by $20 billion last year thanks to government

Episode Transcript

(00:00):
It's due to the subsidies on unreliablerenewable energy and Texas combating against it.
Texas policy makers decided the way toaddress the harm caused by renewable energy subsidies
was to subsidize all forms of energy. Energy expert Bill Peacock says Texas is
becoming like California and New York pricewise. Dropping the subsidies is the solution,

(00:20):
but that's a tough sell. Thesesubsidies have become very profitable to businesses
and they're putting a lot of pressureon Texas politicians not to get rid of
them. He says. New nonrenewable subsidies are adding to the costs as
well. Andre Parard News Radio sevenforty KTRH