Program
line review of federal fiscal subsidies to energy for fiscal year 2003, to support the work of the National Commission on Energy Policy. Aggregate subsidies were worth
between $37 and $64 billion to the energy sector. Analysis includes main tax expenditure and programmatic subsidies. Time frame of analysis was
insufficient to include credit subsidies to energy (via export banks,
Rural Utility Service, and Power Marketing
Administrations; recently-passed legislation containing energy tax
breaks; or energy-related externalities. Thus, real value of federal