The latest dispute over PJM’s bidding rules has raised the level of uncertainty in organized electricity markets. Efforts at reform have created a market structure so jumbled that it can’t produce...
Transforming Production Tax Credits
Three reasons to make them a permanent part of U.S. energy policy.
that protects the recovery of sales revenues from qualifying projects would reduce the risk of default to close to zero and provide a very attractive use of the full faith and credit guarantee. Extending that type of guarantee as a replacement for the PTC could greatly lower the scored cost to the Treasury and still provide the same magnitude of public return to renewable energy developers.