Federal Energy Subsidies Fall 23% Over Four-Year Period

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Federal Energy Subsidies Fall 23% Over Four-Year Period Federal energy subsidies fell 23% in the 2010-2013 time frame, according to a release by the U.S. Energy Information Administration (EIA).

According to EIA, total energy subsidies provided by the government fell to $29.3 billion, compared with $38 billion before 2010. The decline, notes EIA, reflects ‘changes in both the type of subsidies offered and fuels that received support.’

EIA says the report focuses on subsidies to electricity production and also includes subsidies to federal electric utilities in the form of financial support.

Between 2010 and 2013, wind energy received a total of $5.9 billion, which includes more than $4.3 billion related to funding from the American Recovery & Reinvestment Act of 2009. The total was the most given to any renewable energy technology and among the highest amount given to any technology tracked by EIA. Â

The scope of the report is limited to direct federal financial interventions and subsidies that are provided by the federal government and focuses on specific energy markets.

To read the entire report, click here.

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