Renewable Subsidies Fuel Power-Market Crisis, French Study Finds
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Subsidies for renewable energy are partly to blame for Europe’s electricity market “crisis” and should be revised, according to a French study.
The system of feed-in tariffs that pay above-market rates for wind and solar energy should be changed to one based on tenders and rates pegged to market prices, a report from the French planning commission Commissariat General a la Strategie et a la Prospective recommended today.