The Senate is attempting to move forward with allegedly non-controversial legislation, the Energy Policy Modernization Act of 2015, which, according to proponents, contains no “poison pills.”
But for anyone who wants to swallow a strong dose of government intervention and anti-market energy policy, this bill is chock full of poison pills.
Like the last two major energy bills passed in 2005 and 2007, a few good provisions do not outweigh the abundance of bad policies that waste taxpayer dollars, restrict energy choice and distort markets.
Reforming old laws and breaking down government-imposed barriers to make energy markets more innovative and competitive takes energy policy in the right direction, but the Energy Policy Modernization Act largely perpetuates the status quo of the government thinking it knows best, by picking winners and losers.
The legislation provides taxpayer-funded subsidies generating renewable energy and efficiency retrofits at schools and at non-profit organizations, and for improving energy efficiency for state and tribal buildings.
Not only are these programs duplicative of state efforts, they are also wasteful and distort the choices that families, businesses, schools, and state and local governments can make on their own.
American families and businesses have many different needs. A one-size-fits-all regulation or subsidy to artificially elevate the importance of energy efficiency is not only wasting taxpayer dollars, it is skewing consumer preferences and the market at large.
Read more at: http://dailysignal.com/2015/07/30/whats-wrong-with-senate-energy-bill/
But for anyone who wants to swallow a strong dose of government intervention and anti-market energy policy, this bill is chock full of poison pills.
Like the last two major energy bills passed in 2005 and 2007, a few good provisions do not outweigh the abundance of bad policies that waste taxpayer dollars, restrict energy choice and distort markets.
Reforming old laws and breaking down government-imposed barriers to make energy markets more innovative and competitive takes energy policy in the right direction, but the Energy Policy Modernization Act largely perpetuates the status quo of the government thinking it knows best, by picking winners and losers.
The legislation provides taxpayer-funded subsidies generating renewable energy and efficiency retrofits at schools and at non-profit organizations, and for improving energy efficiency for state and tribal buildings.
Not only are these programs duplicative of state efforts, they are also wasteful and distort the choices that families, businesses, schools, and state and local governments can make on their own.
American families and businesses have many different needs. A one-size-fits-all regulation or subsidy to artificially elevate the importance of energy efficiency is not only wasting taxpayer dollars, it is skewing consumer preferences and the market at large.
Read more at: http://dailysignal.com/2015/07/30/whats-wrong-with-senate-energy-bill/
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