electricity demand, to meet supply adequacy problems. In this paper, we analyze what it requires to have a competitive auction …, even if they have lots of bidders but with low power-generating capacity for contracting. For practical auction design, we … found that encouraging more bidders' entry in the auction results in lower expected prices than increasing existing bidders …

describes the data. Second, we test the auction design of the electricity markets experimentally. The current auction design is … a static bidding framework. We find that if the auction were to operate under a sequential bidding auction, all market …

A Payment Cost Minimization auction has been proposed as an alternative to the Offer Cost Minimization auction for use …, controlling for the level of unilateral market power. The analysis finds that neither auction results in allocations that …

transition. In this paper, we investigate the German pilot auction scheme for solar photovoltaics introduced in the Renewable … Energies Act 2014 (EEG 2104) that serves as a pilot for the auction-based promotion of the three major large-scale renewable … by an adjusted auction strategy. The first-price auction can generate additional profits by placing a second, higher bid …

auction formats on suppliers' strategies in the presence of transmission constraints and transmission costs is still very … constraints and transmission costs. When the transmission capacity is binding, the discriminatory price auction could outperform … the uniform price auction, minimizing the equilibrium price and the transmission costs. Moreover, when the transmission …

investigate whether the most recent developments in the auction literature can help us to identify issues related with market …