Working paper
Auctions for allocation of offshore wind contracts for difference in the UK
- Abstract:
-
The contract for difference (CfD) auctions are the cornerstone of the UK electricity sector’s decarbonization policy and were introduced as part of the Electricity Market Reform in 2013. The CfD auctions appear to have been successful in achieving low bids for low-carbon technologies, especially offshore wind power. However, the design of the auction increases the probability of speculative bidding, while the one-shot nature of the auction prevents bidders from learning and from utilizing inf...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
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Authors
Bibliographic Details
- Publisher:
- Oxford Institute for Energy Studies Publisher's website
- Series:
- OIES paper
- Publication date:
- 2019-02-11
- DOI:
- Paper number:
- EL 33
Item Description
- Language:
- English
- Keywords:
- Subjects:
- UUID:
-
uuid:0ac23b77-f673-463d-81ca-5601170ca655
- Deposit date:
- 2019-02-12
Terms of use
- Copyright holder:
- Oxford Institute for Energy Studies
- Copyright date:
- 2019
- Rights statement:
- Copyright © 2019 Oxford Institute for Energy Studies (Registered Charity, No. 286084) This publication may be reproduced in part for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgment of the source is made. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the Oxford Institute for Energy Studies.
- Notes:
- ISBN 978-1-78467-129-7
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