I think that anyone in the renewables field would be happy to end any and all subsidies for renewables at the point that they're equal to the value in today's dollars of all the subsidies that have gone into fossil fuels and nuclear. To be fair we'd include direct and indirect subsidies such as the cost of running NRC and the DOE labs, Coast Guard oil cleanup infrastructure, EPA, BOEM.....but I'm feeling generous so let's just go with direct subsidies including tax subsidies. Heck, maybe just end the billions in subsidies to fossil fuel and nuclear that we're still giving out to this day! And ignore the cost in dollars and lives of things like the wars in Iraq, Yemen, and South Sudan, as well as maintaining the defense budget to allow for that. Maybe throw in a bit of the $800B a year in health costs that would be saved if we stopped burning fossil fuels, nothing like unpaid externalities to make it easier to compete as a fossil fuel plant. Heck, maybe we can all just agree that it's complete and utter bullshit that to this day fossil fuel extraction gets the tax benefits of the MLP structure but renewables are specifically excluded?If renewables can indeed, as you suggest, come in at an unsubsidized price point even marginally comparable to fossil fuels - then free markets will make the change with greater priority and efficiency than any Government program.![]()
Of course you know better than me that there is no "free market" in energy. It's one of the most highly regulated fields in the U.S., and small changes every aspect can have dramatic impacts on the economics of renewables versus fossil fuels. Just the small tweaks in the PJM capacity market that are going on right now will have dramatic impacts, as an example that comes to mind.
I am all for free markets, and the fact of the matter is if we truly had frictionless free markets with externalities priced in then we'd be predominantly operating on renewables. Unfortunately "Free markets" are a fiction in the energy business. There are markets that have spent trillions to drive down the cost curve of fossil fuels, provide fossil fuels continuing tax advantages and subsidies, externalities not priced into fossil fuels, and market design that was built around a fossil fuel reality from the past. Get rid of all that, and anyone is for "free markets"!