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  Quantifying technology skewness in European multi-technology auctions and the effect of design elements and other driving factors

Melliger, M. A. (2023): Quantifying technology skewness in European multi-technology auctions and the effect of design elements and other driving factors. - Energy policy, 175, 113504.
https://doi.org/10.1016/j.enpol.2023.113504

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6002725.pdf (Preprint), 752KB
 
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 Urheber:
Melliger, Marc André1, Autor              
Affiliations:
1IASS Institute for Advanced Sustainability Studies Potsdam, ou_96022              

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Schlagwörter: Auction design, Energy policy, Renewable electricity, Renewable energy auction, Technology diversity
 Zusammenfassung: Multi-technology auctions are a popular instrument to support renewable electricity in the European Union. While they increase competition, some technologies could dominate, which might be an issue for some countries’ power system reliability. Using statistical methods, I analyse how balanced or skewed European multi-technology auctions are and investigate driving factors. I show that 80% of all multi-technology auction rounds from 2011 to 2020 were skewed, strongly or exclusively favouring one technology. None of the investigated design elements and general context factors can explain this. Instead, specific auction-external context factors may better explain the observed skewness. Furthermore, the aggregated outcome across all rounds, years, and countries is relatively balanced because the rounds are differently skewed. This could be coincidental and change in the future if outcomes remain strongly skewed. Policymakers may consider shifting to technology-specific auctions that target single technologies, particularly if they cannot manage the risks of skewed auction outcomes. Thereby, they promote a diverse and targeted deployment of renewables.

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Sprache(n): eng - Englisch
 Datum: 2023-032023-04
 Publikationsstatus: Final veröffentlicht
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 Ort, Verlag, Ausgabe: -
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Titel: Energy policy
Genre der Quelle: Zeitschrift, E14, SSCI, Scopus
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Affiliations:
Ort, Verlag, Ausgabe: Amsterdam : Elsevier
Seiten: - Band / Heft: 175 Artikelnummer: 113504 Start- / Endseite: - Identifikator: ISSN: 0301-4215
CoNE: https://publications.rifs-potsdam.de/cone/journals/resource/140225g