Sentences with phrase «wholesale subsidies for renewables»
Meanwhile, German households picked up the growing bill for the wholesale subsidies for renewables that German industry enjoys, accounting for 18 percent of the average price that consumers paid for electricity last year — twice as high a proportion as in 2010.
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This means it covers the direct cost of low - carbon subsidies, energy efficiency and carbon taxes, as well as indirect costs due to strengthening grids, backing up intermittent renewables, compensating conventional generation for lost revenue through the capacity market and savings due to the merit - order effect, which pushes down wholesale electricity prices.