“EIA has updated a report on federal subsidies to the energy industry, covering the 2013 fiscal year (FY). The most recent prior report reviewed subsidies in FY 2010, at or near the height of spending related to the American Recovery and Reinvestment Act of 2009 (more commonly known as the Recovery Act). Between FY 2010 and FY 2013, the total value of direct federal financial interventions and subsidies in energy markets decreased 23% from $38.0 billion to $29.3 billion dollars, reflecting changes in both the type of subsidies offered and fuels that received support. EIA’s updated study focuses on direct federal financial interventions by the federal government that provide a financial benefit with an identifiable federal budget impact and are specifically targeted at energy markets. Within this scope are:

• Direct expenditures (cash payments directly to market participants)
• Tax expenditures (reductions in tax payments)
• Investment in research and development (R&D)
• Financial support to federal power marketing administrations (PMAs)
• Credit subsidies to recipients of federal loan guarantees”