RES special account contributions to the Energy Transition Fund, offering energy-crisis support to consumers in the form of subsidies, are expected to reach a sum of 780 million euros during the year’s first five-month period.
Besides helping contain wholesale electricity prices, the RES sector, at present, is the only electricity-generating technology whose windfall profits are being used to soften the energy crisis’ impact on consumers, RES sector officials have highlighted.
Though wholesale electricity prices have reached extremely high levels during the ongoing energy crisis, they would have been even higher had it not been for the support offered by the RES special account, RES sector officials have noted.
A recent study conducted by the Aristotle University of Thessaloniki showed that renewables have decreased day-ahead market price levels by 83.8 euros per MWh.