Much of Texas is experiencing rolling blackouts, as utilities are unable to keep power flowing. Why are these blackouts happening? My colleague Isaac Orr explains at AmericanExperiment.org.:



But there is more to the story than that. Texas has what some regard as a free market in energy, but in fact it is distorted by the massive federal subsidies paid by the federal government. These subsidies often cause the price of electricity to go negative; that is, wind farms will actually pay utilities to take electricity off their hands.  read more (used with permission)
