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The limits of auctions: reflections on the role of central purchaser auctions for long-term commitments in electricity systems

Subtitle:
OIES paper: EL 34
Abstract:

This paper looks at the deployment of auctions in electricity systems, and in particular at the predominant form of auction currently in use: a ‘one-sided’ auction in which a central purchaser, usually acting as an agent of the government, acquires new capacity for the purposes of meeting carbon targets or securing reliability. The use of this particular form of the instrument has been spreading rapidly in many countries across the world to the extent that it may be regarded as normal practic...

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Publication status:
Published
Peer review status:
Peer reviewed

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Department:
Oxford Institute for Energy Studies
Role:
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Department:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
2019-04-10
DOI:

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