There is never a good time for bad public policy. For few policies is this more evident than renewable energy mandates (REM), variously known as renewable portfolio standards, alternative energy standards and renewable energy standards. The first renewable energy mandate was adopted in 1983, but most states did not impose these mandates until the 2000s. Though the details vary from state to state, in general, renewable energy mandates require utilities to provide a certain percentage of the electric power they supply from “renewable” sources, notably wind and solar, with the required percentages rising over time. At the height of the...