PPAs at inflated prices are absolutely subsidies. They impose inflated costs on users of the power, which is only marginally better than on the body politic at

PPAs at inflated prices are absolutely subsidies. They impose inflated costs on users of the power, which is only marginally better than on the body politic at large. Or marginally worse, maybe. Much of the subsidies are the public picking up the tab for disaster insurance the operator is protected against needing to pay for. Of course no actual insurance company could afford to underwrite such a policy.