It seems that renewable energy is still not able to compete with other forms of energy without massive subsidies.
Austin Energy officials say that times have changed and that the nation's most successful (by volume of sales) green-energy program, which offers the renewable energy only to those who select it, might no longer be the best way to carry out the city's goals. It now costs almost three times more than the standard electricity rate.
The problem with Cap-and-Tax is that this three times cost disparity will be put right on the back of the consumer that cannot afford it. The rich won't feel a jump in electricity but the poor will be decimated by it. Imagine if your electricity bill tripled and how it would effect your business or your household. I still think the only interim solution is a close-fuel nuclear system. Any other solution will cost too much and cannot compete with coal and oil.
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