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A historical perspective of federal incentives to stimulate energy production

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  • Cone, Bruce W.

Abstract

The public utility/solar energy interface will, to a significant degree, be determined by actions of the federal government. Since 1918 the federal government has expended $217.4 billion for incentives to stimulate energy production. At least 61 quadrillion Btus of increased energy production at a lower than free market price are attributed to that expenditure. An energy policy based on historical incentives to traditional sources of energy suggests focusing on 1.(1) level of national commitment,2.(2) incentive mix, and3.(3) timing of actions. Departing from historic precedent, the debate can center on the cost of specific actions over relatively short periods of time. So centered, it is possible to more precisely define the role of public utilities at the utility/solar energy interface.

Suggested Citation

  • Cone, Bruce W., 1982. "A historical perspective of federal incentives to stimulate energy production," Energy, Elsevier, vol. 7(1), pages 51-60.
    • Handle: RePEc:eee:energy:v:7:y:1982:i:1:p:51-60
    DOI: 10.1016/0360-5442(82)90064-0
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    Cited by:

    1. Carlo Andrea Bollino & Philipp Galkin, 2021. "Energy Security and Portfolio Diversification: Conventional and Novel Perspectives," Energies, MDPI, vol. 14(14), pages 1-24, July.

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