Go top
Working Paper information

Back to the future? Rethinking auctions for renewable electricity support

P. del Río González, P. Linares

The abundant literature on renewable electricity promotion has mostly compared two main types of instruments (feed-in tariffs and quotas with tradable green certificates) according to two criteria: effectiveness and cost-effectiveness. Due to negative past experiences with a third instrument (auctions), this instrument has been broadly dismissed in academics and, until recently, also in policy practice. However, and based on an in-depth review of experiences with auction schemes for renewable electricity around the world, this paper argues that some of the problems with auctions in the past can be mitigated with the appropriate design elements and that, indeed, auctions can play an important role in the future implementation of renewable electricity support instruments around the world . The paper provides a proposal for the coherent integration of several design elements.


Keywords:

Registration date: 2012-05-01

IIT-12-038A


pdf Download paper

Aviso legal  |  Política de cookies |  Política de Privacidad

© Universidad Pontificia Comillas, Escuela Técnica Superior de Ingeniería - ICAI, Instituto de Investigación Tecnológica

Calle de Santa Cruz de Marcenado, 26 - 28015 Madrid, España - Tel: (+34) 91 5422 800