Analysing the impact of renewable energy auctions on market concentration

An abundant literature on the advantages and drawbacks of different auction design elements exists. However, their comparative effects on market concentration have not been explored, despite the increasing concern of governments about this issue. This article covers this gap in the literature. It fo...

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Detalhes bibliográficos
Autores: Kiefer, Christoph P., Río González, Pablo del
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2024
País:España
Recursos:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:DIGITAL.CSIC. Repositorio Institucional del CSIC
OAI Identifier:oai:digital.csic.es:10261/361662
Acesso em linha:http://hdl.handle.net/10261/361662
Access Level:acceso abierto
Palavra-chave:Renewable energy
Market concentration
Actor diversity
Auctions
Renewable energy sources
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spelling Analysing the impact of renewable energy auctions on market concentrationKiefer, Christoph P.Río González, Pablo delRenewable energyMarket concentrationActor diversityAuctionsRenewable energy sourcesAn abundant literature on the advantages and drawbacks of different auction design elements exists. However, their comparative effects on market concentration have not been explored, despite the increasing concern of governments about this issue. This article covers this gap in the literature. It follows an exploratory approach to provide a better understanding of the relationship between auctions, design elements and market concentration. An analytical framework is developed to assess the effects of auction and auction design elements on two aspects of market concentration (number and diversity of firms). Then, some research proposals are inferred from this framework and illustrated with a case study of wind power in Spain. Data have been collected through an expert elicitation survey and a Multi-criteria Analysis has been performed. The results show that, compared to administratively-set remuneration, auctions increase market concentration. Furthermore, their impact on market concentration is mediated by the choice of specific design elements (the existence of a schedule, the remuneration type and stringent prequalification requirements). However, those effects of auctions and their design elements are relatively low compared to other context factors. Therefore, if the aim is to reduce market concentration, policy makers should improve these context conditions, followed by auction design.This research was conducted as part of the project AURES II (Auctions for Renewable Energy Support II). This project has received funding from the European Union’s Horizon 2020 research and innovation programme project AURES II under grant agreement No 817619.Peer reviewedElsevierEuropean CommissionRío González, Pablo del [0000-0002-1712-5198]Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]202420242024info:eu-repo/semantics/articlehttp://purl.org/coar/resource_type/c_6501Publisher's versioninfo:eu-repo/semantics/publishedVersionhttp://hdl.handle.net/10261/361662reponame:DIGITAL.CSIC. Repositorio Institucional del CSICinstname:Consejo Superior de Investigaciones Científicas (CSIC)Inglés#PLACEHOLDER_PARENT_METADATA_VALUE#info:eu-repo/grantAgreement/EC/H2020/817619https://doi.org/10.1016/j.renene.2023.119664Síinfo:eu-repo/semantics/openAccessoai:digital.csic.es:10261/3616622026-05-22T06:33:51Z
dc.title.none.fl_str_mv Analysing the impact of renewable energy auctions on market concentration
title Analysing the impact of renewable energy auctions on market concentration
spellingShingle Analysing the impact of renewable energy auctions on market concentration
Kiefer, Christoph P.
Renewable energy
Market concentration
Actor diversity
Auctions
Renewable energy sources
title_short Analysing the impact of renewable energy auctions on market concentration
title_full Analysing the impact of renewable energy auctions on market concentration
title_fullStr Analysing the impact of renewable energy auctions on market concentration
title_full_unstemmed Analysing the impact of renewable energy auctions on market concentration
title_sort Analysing the impact of renewable energy auctions on market concentration
dc.creator.none.fl_str_mv Kiefer, Christoph P.
Río González, Pablo del
author Kiefer, Christoph P.
author_facet Kiefer, Christoph P.
Río González, Pablo del
author_role author
author2 Río González, Pablo del
author2_role author
dc.contributor.none.fl_str_mv European Commission
Río González, Pablo del [0000-0002-1712-5198]
Consejo Superior de Investigaciones Científicas [https://ror.org/02gfc7t72]
dc.subject.none.fl_str_mv Renewable energy
Market concentration
Actor diversity
Auctions
Renewable energy sources
topic Renewable energy
Market concentration
Actor diversity
Auctions
Renewable energy sources
description An abundant literature on the advantages and drawbacks of different auction design elements exists. However, their comparative effects on market concentration have not been explored, despite the increasing concern of governments about this issue. This article covers this gap in the literature. It follows an exploratory approach to provide a better understanding of the relationship between auctions, design elements and market concentration. An analytical framework is developed to assess the effects of auction and auction design elements on two aspects of market concentration (number and diversity of firms). Then, some research proposals are inferred from this framework and illustrated with a case study of wind power in Spain. Data have been collected through an expert elicitation survey and a Multi-criteria Analysis has been performed. The results show that, compared to administratively-set remuneration, auctions increase market concentration. Furthermore, their impact on market concentration is mediated by the choice of specific design elements (the existence of a schedule, the remuneration type and stringent prequalification requirements). However, those effects of auctions and their design elements are relatively low compared to other context factors. Therefore, if the aim is to reduce market concentration, policy makers should improve these context conditions, followed by auction design.
publishDate 2024
dc.date.none.fl_str_mv 2024
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
http://purl.org/coar/resource_type/c_6501
Publisher's version
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/10261/361662
url http://hdl.handle.net/10261/361662
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv #PLACEHOLDER_PARENT_METADATA_VALUE#
info:eu-repo/grantAgreement/EC/H2020/817619
https://doi.org/10.1016/j.renene.2023.119664
Sí
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:DIGITAL.CSIC. Repositorio Institucional del CSIC
instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
reponame_str DIGITAL.CSIC. Repositorio Institucional del CSIC
collection DIGITAL.CSIC. Repositorio Institucional del CSIC
repository.name.fl_str_mv
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