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Auctions for renewable energy support – Suitability, design, and first lessons learned

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  • Haufe, Marie-Christin
  • Ehrhart, Karl-Martin

Abstract

Auctions are a promising tool to support worldwide renewable energy expansion. Nevertheless, their introduction poses a serious challenge to both policy makers and project developers. Our aim is to develop a bridge between auction theory and the implementation of auctions in the context of renewable energy support (RES). We present suitable theoretical concepts to model the specific situations for RES. In addition, we provide structured theory-based guidance for implementation and participation.

Suggested Citation

  • Haufe, Marie-Christin & Ehrhart, Karl-Martin, 2018. "Auctions for renewable energy support – Suitability, design, and first lessons learned," Energy Policy, Elsevier, vol. 121(C), pages 217-224.
    • Handle: RePEc:eee:enepol:v:121:y:2018:i:c:p:217-224
    DOI: 10.1016/j.enpol.2018.06.027
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    References listed on IDEAS

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    More about this item

    Keywords

    Renewable energy support; Auction;

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices

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