| 来源类型 | Papers |
| 规范类型 | 报告 |
| DOI | https://doi.org/10.26889/9781784671297 |
| Auctions for allocation of offshore wind contracts for difference in the UK | |
| Marijke Welisch; Rahmat Poudineh | |
| 发表日期 | 2019-02-11 |
| 出版年 | 2019 |
| 页码 | 1 |
| 语种 | 英语 |
| 概述 | 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 […] |
| 摘要 | 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 information efficiently. We show that implementing a stringent non-delivery penalty to induce truth telling can improve deployment rate without increasing support costs. Moreover, by holding regularly scheduled (annual, for example) auctions, information on technology cost decreases can be better incorporated into the bids, lowering investor uncertainty and thus having a positive effect on support costs. |
| 主题 | Country and Regional Studies ; Electricity & Nuclear ; Electricity Programme ; Renewable |
| 关键词 | Agent-based Modelling Auction Theory Contract for Difference EL 33 EL33 electricity market reform Offshore wind Real Options Analysis Renewable Energy Auctions |
| URL | https://www.oxfordenergy.org/publications/auctions-allocation-offshore-wind-contracts-difference-uk/ |
| 来源智库 | Oxford Institute for Energy Studies (United Kingdom) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312618 |
| 推荐引用方式 GB/T 7714 | Marijke Welisch,Rahmat Poudineh. Auctions for allocation of offshore wind contracts for difference in the UK. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| Auctions-for-allocat（925KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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