Kröger, Mats; Neuhoff, Karsten; Richstein, Jörn C. - 2022 - Updated version: July 23, 2024
We assess the incorporation of wind or solar resource quality into renewable auction design as a means to … resource quality. With a stylized auction model, we model the trade-off between production costs and consumer costs. After … exploring the influence of the heterogeneity of production costs, the auction volume, and the regulator’s knowledge about cost …