How to design efficient renewable energy auctions? Empirical insights from Europe

Anatolitis, Vasilios; Azanbayev, Alina; Fleck, Ann-Katrin

doi:10.1016/j.enpol.2022.112982

Cited by 30 publications

(13 citation statements)

References 36 publications

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“…On the policy side, there have been few studies on the detailed design of the FIT scheme or auction schemes in Japan, particularly in the peer‐reviewed literature. This is in contrast to Europe, where the EU‐funded AURES (Kitzing et al, 2019) and AURES II (Anatolitis et al, 2021) projects have contributed to the understanding of auction design for renewable energy sources. In California, a policy‐mandated series of reports monitored and helped improve the policy design (CPUC, 2020).…”

Section: Reviewmentioning

confidence: 98%

Measuring policy analytical capacity in renewable energy policy: Germany‐Japan‐US comparison

Sugiyama

Muto

2022

Review of Policy Research

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Policy makers in the modern age must confront complex and expanding knowledge on a daily basis. It has been put forth that policy making requires increasingly higher levels of policy analytical capacity at the individual, organizational, and system levels. Analytical capacity can enable better policy design and facilitate policy learning. Previous studies mostly operationalized the concept at the individual or organizational level with survey instruments, but the lack of widely and regularly conducted surveys limits the applicability of this method. Here, we propose new indicators of policy analytical capacity at the system level, using publicly available data. Our metrics are based on the outputs such as academic journal publications, government and stakeholder publications, and think‐tank rankings. As an illustration, we apply this approach to the case of renewable energy policies in three countries: Germany, Japan, and the United States. Though each of the underlying metrics is susceptible to uncertainties and biases, a totality of the indicators presents a useful, proxy measurement of policy analytical capacity. The proposed approach can supplement the survey method by enabling longitudinal and geographical investigation into policy analytical capacity.

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Section: Reviewmentioning

confidence: 98%

Measuring policy analytical capacity in renewable energy policy: Germany‐Japan‐US comparison

Sugiyama

Muto

2022

Review of Policy Research

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“…This involves planning measures aimed at households unable to meet their essential energy needs and the consequences of the recent rapid energy price increase [11]. Therefore, it is prudent to consider whether the ongoing energy transformation will help in improving accessibility and whether the technology currently in use can effectively reduce the associated utility costs [34]. Furthermore, it is relevant to consider whether the widespread adoption of affordable and efficient renewable energy sources would have the power to alleviate the problem of energy poverty affecting households in European economies [35].…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Boosting green energy transition to tackle energy poverty in Europe

Carfora,

Scandurra

2024

Energy Research & Social Science

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“…Hence, if investors have long-term forward agreements to sell their energy, they guarantee a stable revenue [23]. Traditionally, FiTs, FiPs, and regulated one-way CfDs are the most-used support schemes for new RES investments [15,[24][25][26]. FiTs consist of a fixed tariff (updated with inflation) that gives a fixed return per produced energy during a significant period (10-15 years).…”

Section: Literature Reviewmentioning

confidence: 99%

“…They concluded that FIPs increase the markup of vRES, mainly of large-scale units, but decrease competition because the larger units exercise market power. Anatolitis et al [26] studied how vRESs auction-based support schemes shall be designed to decrease awarded prices by analyzing 220 European auctions. They concluded that sufficient competition is the most important aspect to decrease awarded prices.…”

Section: Literature Reviewmentioning

confidence: 99%

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The Economic Sustainability of Variable Renewable Energy Considering the Negotiation of Different Support Schemes

Algarvio

2023

Sustainability

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The increase in the prices of fossil fuels and environmental issues are leading to a high investment in wind power and solar photovoltaic all over Europe, reducing its dependence on imported fossil fuels. The European countries started incentive programs for investment in these renewable technologies, which consisted of fixed and market premium feed-in tariffs. These feed-in schemes involve long-term contracts with updated prices over inflation. These incentives highly increase the investment and installation of new renewable capacity in Europe. They lead to high renewable penetrations in power systems but originate a tariff deficit due to the difference between market prices and the tariffs paid to these technologies. End-use consumers pay the tariff deficit on retail tariffs. This work analyzes the market-based remuneration of variable renewable energy considering different support schemes and the role of risk-sharing contracts in mitigating the spot price volatility. It presents models able to negotiate bilateral contracts considering risk management, notably risk attitude and risk sharing, bid establishment, and clause (by-laws) negotiation. Furthermore, to evaluate the economic sustainability of renewable generation in Spain, it presents a study for different 12-year support schemes starting in 2010. The results confirmed that, in the case of using risk-sharing contracts during crisis periods, the incidence of low energy prices (price “cannibalization”) decreases, such as the tariff deficit. Furthermore, in the case of high-inflation periods, these contracts hedge against the increase in retail prices, resulting in an economic surplus for consumers.

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How to design efficient renewable energy auctions? Empirical insights from Europe

Cited by 30 publications

References 36 publications

Measuring policy analytical capacity in renewable energy policy: Germany‐Japan‐US comparison

Measuring policy analytical capacity in renewable energy policy: Germany‐Japan‐US comparison

Boosting green energy transition to tackle energy poverty in Europe

The Economic Sustainability of Variable Renewable Energy Considering the Negotiation of Different Support Schemes

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