Designing auctions for concentrating solar power

Rı́o, Pablo del; Mir‐Artigues, Pere

doi:10.1016/j.esd.2018.10.005

Cited by 23 publications

(9 citation statements)

References 19 publications

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“…The energy procurement durations are sufficient and have criteria to support socio-economic growth. Because of these specifications, it has a hybrid characteristic where all intended uses [12,13,31] in the literature are practiced together. Hybrid auction model, practiced by combining positive aspects of auction methods, is widely preferred [18].…”

Section: Resultsmentioning

confidence: 99%

“…Auctions planned for the long-term that will be out at regular intervals give various investors inside the value chain the chance to make long-term plans and adjust their expectations accordingly. This reduces investor's risk, augments competition, improves financial conditions and reduces the costs [12,14,17,32]. Auctions carried out in Turkey are not the result of an extended long-term planning.…”

Section: Demand-side Regulationsmentioning

confidence: 99%

“…Increase in competitiveness of renewable energy technologies against conventional technologies also resulted in an increase in attention to the auction mechanism. This mechanism became a popular mechanism used for promoting renewable energy production lately and was implemented in 30 countries around the globe as of the end of 2016 [2,3,[12][13][14]. Renewable energy auctions have gained popularity in some of the European Union (EU) countries to promote RES deployment [15].…”

Section: Introductionmentioning

confidence: 99%

“…Auction design criteria are determined based on the unique conditions of each country. Policy makers determine this criteria by evaluating the general policies and unique conditions of the country together [12,13]. The goal of renewable energy auctions is to determine the support prices for renewable energy technologies in a cost efficient way within sufficient competitive conditions by organizing tenders [16][17][18][19][20].…”

Section: Introductionmentioning

confidence: 99%

“…The renewable energy tenders carried out around the world in 2016 and 2017 showed that renewable energy technologies can compete with fossil fuel technologies as of 2020, if correct policies and regulatory frameworks are developed without the need of financial incentives [8]. The auction mechanism is not alone enough to reach political goals and must be used with other supportive regulations [12]. Turkey has a significant RES potential, which is 13% of the total potential in EU-member states.…”

Section: Introductionmentioning

confidence: 99%

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Enhancing the Renewable Energy Auctions in Turkey

Özcan

2021

Politeknik Dergisi

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Auction mechanism has been a promising market-based mechanism to promote the generation of electricity from renewable energy sources (RES-E).The success of this mechanism relies on accurate determination of auction design criteria in view of country specifics. Turkey is one of the countries applying this mechanism. The aim of this study is to provide an overview of the design criteria of the renewable energy auction mechanism and to make recommendations as required to improve the effectiveness of this mechanism. Assessments and recommendations as part of this study shall seek to provide an opportunity to review such auction design criteria, benefiting from past experiences, which shall in turn enhance the effectiveness of new auctions. Applied incentives have boosted the share of RES-E in Turkey in the last ten years. Feed-in-Tariff has driven rapid growth in renewable markets and enhanced manufacturing industries. This analysis results show that a large-scale capacity-based auction volume through a single tender created enough competition and large volumes of renewable energy being secured at lower prices. Within the scope of long-term plans, auctions should be held regularly at predetermined intervals in order to facilitate market predictability for investors, and could lead to competition. Renewable auctions to be carried out should be smaller in volume and be distributed across different geographical regions.

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Section: Resultsmentioning

confidence: 99%

Section: Demand-side Regulationsmentioning

confidence: 99%