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Secretary Wright Says Ending Wind Subsidies Will Likely End Wind Power, on Varney & Co

August 19, 2025 · U.S. Department of Energy · 0:03:21

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What happened

Secretary of Energy Chris Wright discussed wind power on Varney & Co on Fox Business on August 19, 2025, according to the Department of Energy broadcast. With the host citing New Jersey energy prices up 28 percent this year, Wright said ending wind subsidies in the One Big Beautiful Bill “will ultimately lead likely to the end of wind power,” as stated in the interview. He argued wind produces a low-value source of electricity because output depends on when the wind blows, and that community pushback against wind projects is growing in rural and coastal areas, according to his remarks.

Wright said Germany and the United Kingdom have tripled their electricity prices and de-industrialized by subsidizing wind power, and that subsidies have barely dented demand for hydrocarbons, as stated in the interview. Asked about projects already started, including offshore projects near Cape Cod, he said those would be decided case by case, and that communities that signed up face “crazy high” contract prices for intermittent power, according to his remarks.

Why it matters

Wright put the administration’s position plainly: with the subsidies gone, he expects wind power to shrink — a testable forecast that frames the One Big Beautiful Bill’s energy provisions as the mechanism.

Sources: U.S. Department of Energy, “Secretary Wright Joins Varney & Co on Fox Business — August 19, 2025”, 2025-08-19 (official upload, embedded above; published 2025-08-19). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.