Texas Taxpayers Pay The French Government For Wind Power And Then Pay The Grid To Take It

At least 57 times in 2017, and many more last year, Georgetown’s residents paid EDF, a company owned 84.5% by the government of France, around 6 cents per kilowatt hour for electricity produced in the middle of the night when demand was low—so low, in fact, that because of tax incentives and government subsidies, the price for power was negative. Put simply: Texas taxpayers paid the French government for power and then, to add insult to injury, paid the grid to take the excess power off their hands.