Energy-related credits, deductions and tax-advantaged bonding schemes have distorted the electricity market, according to research conducted by R Street Institute. Its white paper, Bringing Tax Reform to the Energy Sector, recommends that the tax code be neutral as to specific energy technologies. “The benefits of any particular tax policy tend to flow to a distinct group, which will often mobilize its members to lobby in its support,” authors Josiah Neeley and William Murray write. “After playing out hundreds of times over the course of decades, the result is a tax code that looks less like a ‘level playing field’ and more like a mountain range.” The paper urges policymakers to craft policy that ensures there is no differential treatment.