The Reality of American Energy : The Hidden Costs of Electricity Policy

This book dispels common myths about electricity and electricity policy and reveals how government policies manipulate energy markets, create hidden costs, and may inflict a net harm on the American people and the environment. • Explores U.S. energy policy and explains the largely unknown impacts of policy decisions that are particularly relevant today given growing concerns surrounding climate change and increasing demand for action • Documents how idealistic desires to be "green" and to favor renewable energy over fossil fuels are rarely tempered by an understanding of the real-world tradeoffs that result from choosing one energy source over others • Identifies the direct impact of policies on electricity markets and especially on the affordability of electricity for U.S. consumers • Presents information that should be considered essential reading for policymakers charged with making informed, responsible decisions about our country's energy future as well as for anyone wanting to better understand why "green energy" may not always be the best option This book dispels common myths about electricity and electricity policy and reveals how government policies manipulate energy markets, create hidden costs, and may inflict a net harm on the American people and the environment.Climate change, energy generation and use, and environmental degradation are among the most salient—and controversial—political issues today. Our country's energy future will be determined by the policymakers who enact laws that favor certain kinds of energy production while discouraging others as much as by the energy-production companies or the scientists working to reduce the environmental impact of all energy production. The Reality of American Energy: The Hidden Costs of Electricity provides rare insights into the politics and economics surrounding electricity in the United States. It identifies the economic, physical, and environmental implications of distorting energy markets to limit the use of fossil fuels while increasing renewable energy production and explains how these unseen effects of favoring renewable energy may be counterproductive to the economic interests of American citizens and to the protection of the environment.The first two chapters of the book introduce the subject of electricity policy in the United States and to enable readers to understand why policymakers do what they do. The remainder of the book examines the realities of the major electricity sources in the United States: coal, natural gas, nuclear, hydrodynamic, wind, biomass, solar, and geothermal. Each of these types of energy sources is analyzed in a dedicated chapter that explains how the electricity source works and identifies how politics and public policy shape the economic and environmental impacts associated with them. This book dispels common myths about electricity and electricity policy and reveals how government policies manipulate energy markets, create hidden costs, and may inflict a net harm on the American people and the environment. Climate change, energy generation and use, and environmental degradation are among the most salientand controversialpolitical issues today. Our country's energy future will be determined by the policymakers who enact laws that favor certain kinds of energy production while discouraging others as much as by the energy-production companies or the scientists working to reduce the environmental impact of all energy production. The Reality of American The Hidden Costs of Electricity provides rare insights into the politics and economics surrounding electricity in the United States. It identifies the economic, physical, and environmental implications of distorting energy markets to limit the use of fossil fuels while increasing renewable energy production and explains how these unseen effects of favoring renewable energy may be counterproductive to the economic interests of American citizens and to the protection of the environment. The first two chapters of the book introduce the subject of electricity policy in the United States and to enable readers to understand why policymakers do what they do. The remainder of the book examines the realities of the major electricity sources in the United coal, natural gas, nuclear, hydrodynamic, wind, biomass, solar, and geothermal. Each of these types of energy sources is analyzed in a dedicated chapter that explains how the electricity source works and identifies how politics and public policy shape the economic and environmental impacts associated with them. Climate Change, Energy Generation And Use, And Environmental Degradation Are Among The Most Salient And Controversial Political Issues Today. Our Country's Energy Future Will Be Determined By The Policymakers Who Enact Laws That Favor Certain Kinds Of Energy Production While Discouraging Others As Much As By The Energy-production Companies Or The Scientists Working To Reduce The Environmental Impact Of All Energy Production. The Reality Of American Energy: The Hidden Costs Of Electricity Provides Rare Insights Into The Politics And Economics Surrounding Electricity In The United States. It Identifies The Economic, Physical, And Environmental Implications Of Distorting Energy Markets To Limit The Use Of Fossil Fuels While Increasing Renewable Energy Production And Explains How These Unseen Effects Of Favoring Renewable Energy May Be Counterproductive To The Economic Interests Of American Citizens And To The Protection Of The Environment. The First Two Chapters Of The Book Introduce The Subject Of Electricity Policy In The United States And To Enable Readers To Understand Why Policymakers Do What They Do. The Remainder Of The Book Examines The Realities Of The Major Electricity Sources In The United States: Coal, Natural Gas, Nuclear, Hydrodynamic, Wind, Biomass, Solar, And Geothermal. Each Of These Types Of Energy Sources Is Analyzed In A Dedicated Chapter That Explains How The Electricity Source Works And Identifies How Politics And Public Policy Shape The Economic And Environmental Impacts Associated With Them. The Reality of American Energy: The Hidden Costs of Electricity provides rare insights into the politics and economics surrounding electricity in the United States. It identifies the economic, physical, and environmental implications of distorting energy markets to limit the use of fossil fuels while increasing renewable energy production and explains how these unseen effects of favoring renewable energy may be counterproductive to the economic interests of American citizens and to the protection of the environment. The first two chapters of the book introduce the subject of electricity policy in the United States and to enable readers to understand why policymakers do what they do. The remainder of the book examines the realities of the major electricity sources in the United States: coal, natural gas, nuclear, hydrodynamic, wind, biomass, solar, and geothermal. Each of these types of energy sources is analyzed in a dedicated chapter that explains how the electricity source works and identifies how politics and public policy shape the economic and environmental impacts associated with them. --Publisher description Cover 1 Half Title 2 Title Page 4 Copyright 5 Contents 6 Acknowledgments 8 Introduction 10 Chapter 1. Understanding Electricity 14 Chapter 2. Regulating the Electricity Sector 22 Chapter 3. The Economics of Electricity 34 Chapter 4. Wind Power 46 Chapter 5. Solar Power 60 Chapter 6. Biomass 78 Chapter 7. Geothermal 90 Chapter 8. Hydropower 100 Chapter 9. Nuclear 116 Chapter 10. Coal 130 Chapter 11. Natural Gas 144 Chapter 12. Conclusion 158 Notes 162 Index 204 About the Authors 214