On July 4th, President Trump signed a significant bill, referred to as the “Big, Beautiful Bill” (or “BBB”), into law. This legislation aims to roll back expensive subsidies and ineffective regulatory policies that have supported a misguided energy transition from reliable and abundant hydrocarbons to costly, intermittent and underwhelming “clean” energy sources like wind and solar for far too long.
Although subsidies are meant to drive prices down and boost supply, those for wind and solar have done exactly the opposite.
The Renewable Electricity Production Tax Credit for wind energy was first introduced in 1992 and originally sold on a promise of offering low-cost energy and set to be phased out in 1999.
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