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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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Department:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies
Series:
OIES paper
Publication date:
2019-02-11
DOI:
Paper number:
EL 33
Language:
English
Keywords:
Subjects:
UUID:
uuid:0ac23b77-f673-463d-81ca-5601170ca655
Deposit date:
2019-02-12

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