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Government support for green technologies and renewable energy (RE) in particular has become an integral cornerstone of economic policy for most industrialized economies. Due to competitive price determination and supposedly higher efficiency, auctions have in recent years widely succeeded...
Persistent link: https://www.econbiz.de/10014330084
increasingly used today. We develop a reverse auction which accounts for particularities of intermittent renewable energy sources … auctions. We analyze incentives for bidders to manipulate the auction outcome and adapt the design to prevent this behavior …
Persistent link: https://www.econbiz.de/10011286401
model that incorporates both the electricity and the green certificate markets in an auction-based setting. The results … probability of winning the electricity auction increases. This is harmful for competition and results in high consumer prices of …
Persistent link: https://www.econbiz.de/10014330325
Decarbonizing the global energy matrix through investments in renewable energy (RE) is considered a pathway to mitigate the effects of global climate change. Auctions have become an increasingly popular policy instrument for this purpose. In the last few years, auctions have been rapidly adopted...
Persistent link: https://www.econbiz.de/10013465383
that a discriminatory auction design favoring low-wind-yield locations leads to a tradeoff between production costs and … auction levels intra-technology discrimination through the reference yield model leads to a reduction of consumer costs of …
Persistent link: https://www.econbiz.de/10013285813
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 …
Persistent link: https://www.econbiz.de/10014637009
renewable sources in Brazil, China, and India. Auctions in various forms are being used to promote the generation of electricity …
Persistent link: https://www.econbiz.de/10012564212
This knowledge note singles out auctions as an important mechanism that has been implemented in a growing number of countries in recent decades. It features a case study of auctions designed to promote the generation of electricity from renewable sources in China. Although feed-in tariffs are...
Persistent link: https://www.econbiz.de/10012564214
and small attests to the flexibility and adaptability of auction mechanisms. Under the National Solar Mission, auctions … implementations of renewable auction schemes. Both national- and state-level auctions have led to successful projects. The Indian … central government's experience with auction implementations can be split into three main segments. Phase 1 auctions concern …
Persistent link: https://www.econbiz.de/10012564215
system configuration in the long run. To counteract these tendencies effectively, we propose a combinatorial auction design … auction as compared to three further RES auction designs, the current German nationwide auction design, a simple nationwide … auction, and regional auctions. We find that if bidders benefit from high enough economies of scale, the combinatorial auction …
Persistent link: https://www.econbiz.de/10012866926