Work

Auctions for Renewable Energy Support: Lessons Learned in the AURES Project

Year: 2019

Type: article

Abstract: Market-based, competitive bidding processes, i.e., auctions, are becoming a dominant policy instrument for securing future electricity production from renewable energy sources (RES) around the world. The rapid growth is striking: in 2005, only six countries employed RES auctions, and by 2017 at least 84 countries had adopted the mechanism. This article outlines the rationale for the shift, describes some of the key design characteristics of auctions, together with best practices and potential pitfalls, and briefly considers the future of auctions in the face of declining support needs.

Source: Technical University of Denmark, DTU Orbit (Technical University of Denmark, DTU)

Authors: L Kitzing (17795663), V Anatolitis (21897080), O Fitch-Roy (19772946), C Klessmann (21897083), J Kreiss (21897086), P Del Rio (21897089), F Wigand (21897092), B Woodman (16216703)

Institutions: Technical University of Denmark, University of Exeter, Consejo Superior de Investigaciones Científicas, Ecofys (Germany)

Language: English

Topic: Renewable Energy and Sustainability

Subfield: Renewable Energy, Sustainability and the Environment

Field: Energy

Domain: Physical Sciences

SDGs: Affordable and clean energy, Industry, innovation and infrastructure, Climate action

Open Access status: green

OpenAlex ID: W2961870053

FWCI: 0.506

Cites:

Cited by: 15

Related to: 10