Auctions for renewable energy support - Taming the beast of competitive bidding : final report of the AURES project
toon extra info.
D. Mora, L. Kitzing, E. Rosenlund Soysal, S. Steinhilber, P. del Rio, F. Wingand, C. Klessmann, S. Tiedemann, A. Amazo, M. Welisch, J. Kreiss, O. Fitch Roy, B. Woodman
|Auteur(s)||Mora, D. ; Kitzing, L. ; Rosenlund Soysal, E. ; Steinhilber, S. ; Rio, P. del ; Wigand, f. ; Klessmann, C. ; Tiedemann, S. ; Amazo, A. ; Welisch, M. ; Kreiss, J. ; Fitch Roy, A. ; Woodman, B.|
|[S.l.] : AURES|
|Trefwoorden (cab)||bio-energie / biobrandstoffen / biobased economy / hernieuwbare energie / allocatie van kapitaal|
|Toelichting (Engels)||Auctions for renewable energy (RES) support are market - based, competitive bidding processes to i dentify the most appropriate RES projects to be constructed with in a certain time frame and geographical area and to allocate appropriate support payments to these projects . A RES auction is a procurement auction, where typically a certain amount of power (MW) or energy (MWh) of renewables are offered up for bidding. B idders compete to be allowed to deliver these volumes on basis of the ir required support level (often a premium in EUR/MWh) . The projects with the lowest required support levels typically win the auction. Winners are then granted the right to construct their RES projects and the right to receive support payments for these projects for a given period of time . Although more and more experience is generated by using auctions as support allocation instrument , a number of questions have not been univocally answered yet. These questions include: When are RES auctions a good idea , i.e. under which circumstances are they preferable to e.g. administratively set tariffs or quotas ? H ow should RES auctions be designed to achieve desired outcomes ? What design options exist? What are their benefits and ch allenges? Which design should be chosen for a particular auction implementation depending on certain policy goals and market situation? Answering these questions was the focus of the AURES project. T his report summarises some of the major findings from the past three years.|