Moore says renewable energy sources are complete creatures of government favoritism, and after 30 years we still can’t cut the umbilical cord. This is true, and I've shown that renewable energy advocates admit it publicly.
How can a bank in Ohio claim to be 100 percent powered by solar energy from North Carolina? They're not actually getting that power from North Carolina. They don't close on rainy days, have limited hours during the winter, and shut down at night. They don't have dedicated employees ready to "man the bikes" in case a cloud passes over Hertford County.
The Cato Institute is airing a podcast called "How Not to Subsidize Renewable Energy" that explains how "The renewable portfolio standard subsidizes renewable energy in states via higher energy costs for low-income people."
Last year North Carolina policymakers made major changes to state energy policy — but not to the state's exorbitant avoided-cost rates. Such a reform is all the more necessary, however, because of last year's restructuring of energy policy.