Performance of Renewable Energy Auctions : Experience in Brazil, China and India
This paper considers the design and performance of auction mechanisms used to deploy renewable energy in three emerging economies: Brazil, China, and India. The analysis focuses on the countries' experience in various dimensions, including pri...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank Group, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/10/20291035/performance-renewable-energy-auctions-experience-brazil-china-india http://hdl.handle.net/10986/20498 |
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okr-10986-20498 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
ACCESS TO ELECTRICITY ACCOUNTING ALLOCATION OF RISK APPROACH AUCTION AUCTION MECHANISM AUCTION MECHANISMS AUCTION PRICE AUCTION PRICES AUCTION PROCEDURE AUCTIONS AVAILABILITY AVERAGE PRICE BALANCE BASES BID BIDDING BIDS BIOMASS BOND BONDS CALCULATION CAPACITY FACTOR CAPACITY FACTORS CAPACITY UTILIZATION CLEAN ENERGY CLEANER ENERGY CLIMATE CLIMATE CHANGE CO COAL COMPETITIVE BIDDING COMPETITIVE MARKET COMPETITIVE PRICES COMPETITIVENESS CONSUMER PRICE CONSUMER PRICE INDEX CONVENTIONAL ELECTRICITY CONVENTIONAL ENERGY CONVENTIONAL GENERATION COST OF ENERGY DEFAULTS DEMAND FOR ELECTRICITY DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISBURSEMENT ECONOMIC CRISIS ECONOMIC EFFICIENCY ELECTRIC UTILITY ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY GENERATION ELECTRICITY GENERATION MIX ELECTRICITY PRICES ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFFS EMERGING ECONOMIES EMISSIONS ENERGY COSTS ENERGY MARKETS ENERGY MIX ENERGY PLANNING ENERGY POLICIES ENERGY PRICES ENERGY SHORTAGES ENERGY SOURCES ENERGY SYSTEMS ENFORCEABILITY ENVIRONMENTAL SUSTAINABILITY EQUILIBRIUM PRICES EXCHANGE RATE EXCHANGE RATES FEASIBILITY STUDIES FEASIBILITY STUDY FINANCE CORPORATION FINANCIAL BENEFITS FINANCIAL HEALTH FINANCIAL PERFORMANCE FINANCIAL RISK FINANCIAL RISKS FOSSIL FOSSIL FUEL FOSSIL FUELS FREE MARKET FUEL PRICES FULL DISCLOSURE GENERATION CAPACITY GHG GOVERNMENT POLICY GRID RENEWABLE ENERGY HYDROPOWER HYDROPOWER GENERATION INCOME INDEXATION INFLATION INFLATION RISK INSTITUTIONAL CAPACITY INSTRUMENT INTERNATIONAL BANK INTERNATIONAL COMPETITION INTERNATIONAL FINANCE INTERNATIONAL MARKETS INTERNATIONAL TRADE IRRADIATION LIABILITY LOAN LOAN REPAYMENT LOCAL CURRENCY LOCAL ECONOMY LOCAL GOVERNMENTS MANUFACTURING INDUSTRY MARKET EQUILIBRIUM MARKET POWER MARKET PRICE MARKET PRICES MARKET REFORM MARKET STRUCTURE MONOPOLIES MONOPOLY NUCLEAR ENERGY OFFSHORE WIND ONSHORE WIND OPENING PRICE OUTPUT PARTICULAR COUNTRY PAYMENT GUARANTEES PHOTOVOLTAIC CAPACITY PHOTOVOLTAICS PLANT PERFORMANCE PORTFOLIO PORTFOLIOS POTENTIAL INVESTORS POWER POWER CORPORATION POWER GENERATORS POWER PRICES POWER SECTOR POWER SUPPLY PRICE BENCHMARK PRICE BENCHMARKS PRICE CAP PRICE CEILING PRICE DISCOVERY PRICE LEVEL PRICE LEVELS PRICE RISK PRICING SCHEME PRICING STRATEGY PRIMARY ENERGY PRIMARY ENERGY SUPPLY REGULATORY FRAMEWORK REGULATORY STRUCTURES RENEWABLE ELECTRICITY RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY CAPACITY RENEWABLE ENERGY DEVELOPMENT RENEWABLE ENERGY GENERATION RENEWABLE ENERGY INDUSTRIES RENEWABLE ENERGY INDUSTRY RENEWABLE ENERGY MARKET RENEWABLE ENERGY POLICY RENEWABLE ENERGY PROGRAM RENEWABLE ENERGY SOURCES RENEWABLE GENERATION RENEWABLE POWER RENEWABLE RESOURCE RENEWABLE SOURCES RENEWABLE SOURCES OF ENERGY RESERVE RESERVES REVERSE AUCTION RISK FACTORS SAFETY NET SALE SETTLEMENT SILICON SOFT LOANS SOLAR ENERGY SOLAR POWER SOLAR RESOURCE SPOT PRICES STATE BANK SUPPLIERS SUPPLY CHAIN SURPLUS SUSTAINABLE ENERGY TARIFF LEVELS TAX TAX CREDIT TAX STRUCTURES THERMAL PLANTS THERMAL POWER TRACK RECORD TRACK RECORDS TRADING TRANSACTION TRANSACTION COSTS TRANSMISSION GRID TRANSMISSION LINES TRANSMISSION SYSTEM TRANSPARENCY TURBINE MANUFACTURERS VALUE IN REAL TERMS VOLATILITY VOLTAGE WIND WIND CAPACITY WIND DEVELOPMENT WIND ENERGY WIND EQUIPMENT WIND FARM WIND FARMS WIND GENERATION WIND PLANT WIND PLANTS WIND POWER WIND POWER CAPACITY WIND POWER DEVELOPMENT WIND POWER GENERATION WIND POWER INDUSTRY WIND POWER PLANTS WIND PRODUCERS WIND PROJECTS WIND RESOURCE WIND RESOURCES WIND TECHNOLOGY WIND TURBINE WIND VELOCITY WORLD TRADE |
| spellingShingle |
ACCESS TO ELECTRICITY ACCOUNTING ALLOCATION OF RISK APPROACH AUCTION AUCTION MECHANISM AUCTION MECHANISMS AUCTION PRICE AUCTION PRICES AUCTION PROCEDURE AUCTIONS AVAILABILITY AVERAGE PRICE BALANCE BASES BID BIDDING BIDS BIOMASS BOND BONDS CALCULATION CAPACITY FACTOR CAPACITY FACTORS CAPACITY UTILIZATION CLEAN ENERGY CLEANER ENERGY CLIMATE CLIMATE CHANGE CO COAL COMPETITIVE BIDDING COMPETITIVE MARKET COMPETITIVE PRICES COMPETITIVENESS CONSUMER PRICE CONSUMER PRICE INDEX CONVENTIONAL ELECTRICITY CONVENTIONAL ENERGY CONVENTIONAL GENERATION COST OF ENERGY DEFAULTS DEMAND FOR ELECTRICITY DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISBURSEMENT ECONOMIC CRISIS ECONOMIC EFFICIENCY ELECTRIC UTILITY ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY GENERATION ELECTRICITY GENERATION MIX ELECTRICITY PRICES ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFFS EMERGING ECONOMIES EMISSIONS ENERGY COSTS ENERGY MARKETS ENERGY MIX ENERGY PLANNING ENERGY POLICIES ENERGY PRICES ENERGY SHORTAGES ENERGY SOURCES ENERGY SYSTEMS ENFORCEABILITY ENVIRONMENTAL SUSTAINABILITY EQUILIBRIUM PRICES EXCHANGE RATE EXCHANGE RATES FEASIBILITY STUDIES FEASIBILITY STUDY FINANCE CORPORATION FINANCIAL BENEFITS FINANCIAL HEALTH FINANCIAL PERFORMANCE FINANCIAL RISK FINANCIAL RISKS FOSSIL FOSSIL FUEL FOSSIL FUELS FREE MARKET FUEL PRICES FULL DISCLOSURE GENERATION CAPACITY GHG GOVERNMENT POLICY GRID RENEWABLE ENERGY HYDROPOWER HYDROPOWER GENERATION INCOME INDEXATION INFLATION INFLATION RISK INSTITUTIONAL CAPACITY INSTRUMENT INTERNATIONAL BANK INTERNATIONAL COMPETITION INTERNATIONAL FINANCE INTERNATIONAL MARKETS INTERNATIONAL TRADE IRRADIATION LIABILITY LOAN LOAN REPAYMENT LOCAL CURRENCY LOCAL ECONOMY LOCAL GOVERNMENTS MANUFACTURING INDUSTRY MARKET EQUILIBRIUM MARKET POWER MARKET PRICE MARKET PRICES MARKET REFORM MARKET STRUCTURE MONOPOLIES MONOPOLY NUCLEAR ENERGY OFFSHORE WIND ONSHORE WIND OPENING PRICE OUTPUT PARTICULAR COUNTRY PAYMENT GUARANTEES PHOTOVOLTAIC CAPACITY PHOTOVOLTAICS PLANT PERFORMANCE PORTFOLIO PORTFOLIOS POTENTIAL INVESTORS POWER POWER CORPORATION POWER GENERATORS POWER PRICES POWER SECTOR POWER SUPPLY PRICE BENCHMARK PRICE BENCHMARKS PRICE CAP PRICE CEILING PRICE DISCOVERY PRICE LEVEL PRICE LEVELS PRICE RISK PRICING SCHEME PRICING STRATEGY PRIMARY ENERGY PRIMARY ENERGY SUPPLY REGULATORY FRAMEWORK REGULATORY STRUCTURES RENEWABLE ELECTRICITY RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY CAPACITY RENEWABLE ENERGY DEVELOPMENT RENEWABLE ENERGY GENERATION RENEWABLE ENERGY INDUSTRIES RENEWABLE ENERGY INDUSTRY RENEWABLE ENERGY MARKET RENEWABLE ENERGY POLICY RENEWABLE ENERGY PROGRAM RENEWABLE ENERGY SOURCES RENEWABLE GENERATION RENEWABLE POWER RENEWABLE RESOURCE RENEWABLE SOURCES RENEWABLE SOURCES OF ENERGY RESERVE RESERVES REVERSE AUCTION RISK FACTORS SAFETY NET SALE SETTLEMENT SILICON SOFT LOANS SOLAR ENERGY SOLAR POWER SOLAR RESOURCE SPOT PRICES STATE BANK SUPPLIERS SUPPLY CHAIN SURPLUS SUSTAINABLE ENERGY TARIFF LEVELS TAX TAX CREDIT TAX STRUCTURES THERMAL PLANTS THERMAL POWER TRACK RECORD TRACK RECORDS TRADING TRANSACTION TRANSACTION COSTS TRANSMISSION GRID TRANSMISSION LINES TRANSMISSION SYSTEM TRANSPARENCY TURBINE MANUFACTURERS VALUE IN REAL TERMS VOLATILITY VOLTAGE WIND WIND CAPACITY WIND DEVELOPMENT WIND ENERGY WIND EQUIPMENT WIND FARM WIND FARMS WIND GENERATION WIND PLANT WIND PLANTS WIND POWER WIND POWER CAPACITY WIND POWER DEVELOPMENT WIND POWER GENERATION WIND POWER INDUSTRY WIND POWER PLANTS WIND PRODUCERS WIND PROJECTS WIND RESOURCE WIND RESOURCES WIND TECHNOLOGY WIND TURBINE WIND VELOCITY WORLD TRADE Elizondo Azuela, Gabriela Barroso, Luiz Khanna, Ashish Wang, Xiaodong Wu, Yun Cunha, Gabriel Performance of Renewable Energy Auctions : Experience in Brazil, China and India |
| geographic_facet |
East Asia and Pacific Latin America & Caribbean South Asia Brazil China India |
| relation |
Policy Research Working Paper;No. 7062 |
| description |
This paper considers the design and
performance of auction mechanisms used to deploy renewable
energy in three emerging economies: Brazil, China, and
India. The analysis focuses on the countries'
experience in various dimensions, including price
reductions, bidding dynamics, coordination with transmission
planning, risk allocation strategies, and the issue of
domestic content. Several countries have turned to public
competitive bidding as a mechanism for developing the
renewable generation sector in recent years, with the number
of countries implementing some sort of auction procedure
rising from nine in 2009 to 36 by the end of 2011 and about
43 in 2013. In general, the use of auctions makes sense when
the contracting authority expects a large volume of
potentially suitable bids, so that the gains from
competition can offset the costs of implementation. A study
of the successes and failures of the particular auction
design schemes described in this paper can be instrumental
in informing future policy making. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Elizondo Azuela, Gabriela Barroso, Luiz Khanna, Ashish Wang, Xiaodong Wu, Yun Cunha, Gabriel |
| author_facet |
Elizondo Azuela, Gabriela Barroso, Luiz Khanna, Ashish Wang, Xiaodong Wu, Yun Cunha, Gabriel |
| author_sort |
Elizondo Azuela, Gabriela |
| title |
Performance of Renewable Energy Auctions : Experience in Brazil, China and India |
| title_short |
Performance of Renewable Energy Auctions : Experience in Brazil, China and India |
| title_full |
Performance of Renewable Energy Auctions : Experience in Brazil, China and India |
| title_fullStr |
Performance of Renewable Energy Auctions : Experience in Brazil, China and India |
| title_full_unstemmed |
Performance of Renewable Energy Auctions : Experience in Brazil, China and India |
| title_sort |
performance of renewable energy auctions : experience in brazil, china and india |
| publisher |
World Bank Group, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/10/20291035/performance-renewable-energy-auctions-experience-brazil-china-india http://hdl.handle.net/10986/20498 |
| _version_ |
1764445540614930432 |
| spelling |
okr-10986-204982021-04-23T14:03:56Z Performance of Renewable Energy Auctions : Experience in Brazil, China and India Elizondo Azuela, Gabriela Barroso, Luiz Khanna, Ashish Wang, Xiaodong Wu, Yun Cunha, Gabriel ACCESS TO ELECTRICITY ACCOUNTING ALLOCATION OF RISK APPROACH AUCTION AUCTION MECHANISM AUCTION MECHANISMS AUCTION PRICE AUCTION PRICES AUCTION PROCEDURE AUCTIONS AVAILABILITY AVERAGE PRICE BALANCE BASES BID BIDDING BIDS BIOMASS BOND BONDS CALCULATION CAPACITY FACTOR CAPACITY FACTORS CAPACITY UTILIZATION CLEAN ENERGY CLEANER ENERGY CLIMATE CLIMATE CHANGE CO COAL COMPETITIVE BIDDING COMPETITIVE MARKET COMPETITIVE PRICES COMPETITIVENESS CONSUMER PRICE CONSUMER PRICE INDEX CONVENTIONAL ELECTRICITY CONVENTIONAL ENERGY CONVENTIONAL GENERATION COST OF ENERGY DEFAULTS DEMAND FOR ELECTRICITY DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISBURSEMENT ECONOMIC CRISIS ECONOMIC EFFICIENCY ELECTRIC UTILITY ELECTRICITY ELECTRICITY CONSUMPTION ELECTRICITY GENERATION ELECTRICITY GENERATION MIX ELECTRICITY PRICES ELECTRICITY SUPPLY ELECTRICITY SYSTEM ELECTRICITY TARIFFS EMERGING ECONOMIES EMISSIONS ENERGY COSTS ENERGY MARKETS ENERGY MIX ENERGY PLANNING ENERGY POLICIES ENERGY PRICES ENERGY SHORTAGES ENERGY SOURCES ENERGY SYSTEMS ENFORCEABILITY ENVIRONMENTAL SUSTAINABILITY EQUILIBRIUM PRICES EXCHANGE RATE EXCHANGE RATES FEASIBILITY STUDIES FEASIBILITY STUDY FINANCE CORPORATION FINANCIAL BENEFITS FINANCIAL HEALTH FINANCIAL PERFORMANCE FINANCIAL RISK FINANCIAL RISKS FOSSIL FOSSIL FUEL FOSSIL FUELS FREE MARKET FUEL PRICES FULL DISCLOSURE GENERATION CAPACITY GHG GOVERNMENT POLICY GRID RENEWABLE ENERGY HYDROPOWER HYDROPOWER GENERATION INCOME INDEXATION INFLATION INFLATION RISK INSTITUTIONAL CAPACITY INSTRUMENT INTERNATIONAL BANK INTERNATIONAL COMPETITION INTERNATIONAL FINANCE INTERNATIONAL MARKETS INTERNATIONAL TRADE IRRADIATION LIABILITY LOAN LOAN REPAYMENT LOCAL CURRENCY LOCAL ECONOMY LOCAL GOVERNMENTS MANUFACTURING INDUSTRY MARKET EQUILIBRIUM MARKET POWER MARKET PRICE MARKET PRICES MARKET REFORM MARKET STRUCTURE MONOPOLIES MONOPOLY NUCLEAR ENERGY OFFSHORE WIND ONSHORE WIND OPENING PRICE OUTPUT PARTICULAR COUNTRY PAYMENT GUARANTEES PHOTOVOLTAIC CAPACITY PHOTOVOLTAICS PLANT PERFORMANCE PORTFOLIO PORTFOLIOS POTENTIAL INVESTORS POWER POWER CORPORATION POWER GENERATORS POWER PRICES POWER SECTOR POWER SUPPLY PRICE BENCHMARK PRICE BENCHMARKS PRICE CAP PRICE CEILING PRICE DISCOVERY PRICE LEVEL PRICE LEVELS PRICE RISK PRICING SCHEME PRICING STRATEGY PRIMARY ENERGY PRIMARY ENERGY SUPPLY REGULATORY FRAMEWORK REGULATORY STRUCTURES RENEWABLE ELECTRICITY RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY CAPACITY RENEWABLE ENERGY DEVELOPMENT RENEWABLE ENERGY GENERATION RENEWABLE ENERGY INDUSTRIES RENEWABLE ENERGY INDUSTRY RENEWABLE ENERGY MARKET RENEWABLE ENERGY POLICY RENEWABLE ENERGY PROGRAM RENEWABLE ENERGY SOURCES RENEWABLE GENERATION RENEWABLE POWER RENEWABLE RESOURCE RENEWABLE SOURCES RENEWABLE SOURCES OF ENERGY RESERVE RESERVES REVERSE AUCTION RISK FACTORS SAFETY NET SALE SETTLEMENT SILICON SOFT LOANS SOLAR ENERGY SOLAR POWER SOLAR RESOURCE SPOT PRICES STATE BANK SUPPLIERS SUPPLY CHAIN SURPLUS SUSTAINABLE ENERGY TARIFF LEVELS TAX TAX CREDIT TAX STRUCTURES THERMAL PLANTS THERMAL POWER TRACK RECORD TRACK RECORDS TRADING TRANSACTION TRANSACTION COSTS TRANSMISSION GRID TRANSMISSION LINES TRANSMISSION SYSTEM TRANSPARENCY TURBINE MANUFACTURERS VALUE IN REAL TERMS VOLATILITY VOLTAGE WIND WIND CAPACITY WIND DEVELOPMENT WIND ENERGY WIND EQUIPMENT WIND FARM WIND FARMS WIND GENERATION WIND PLANT WIND PLANTS WIND POWER WIND POWER CAPACITY WIND POWER DEVELOPMENT WIND POWER GENERATION WIND POWER INDUSTRY WIND POWER PLANTS WIND PRODUCERS WIND PROJECTS WIND RESOURCE WIND RESOURCES WIND TECHNOLOGY WIND TURBINE WIND VELOCITY WORLD TRADE This paper considers the design and performance of auction mechanisms used to deploy renewable energy in three emerging economies: Brazil, China, and India. The analysis focuses on the countries' experience in various dimensions, including price reductions, bidding dynamics, coordination with transmission planning, risk allocation strategies, and the issue of domestic content. Several countries have turned to public competitive bidding as a mechanism for developing the renewable generation sector in recent years, with the number of countries implementing some sort of auction procedure rising from nine in 2009 to 36 by the end of 2011 and about 43 in 2013. In general, the use of auctions makes sense when the contracting authority expects a large volume of potentially suitable bids, so that the gains from competition can offset the costs of implementation. A study of the successes and failures of the particular auction design schemes described in this paper can be instrumental in informing future policy making. 2014-10-30T20:47:41Z 2014-10-30T20:47:41Z 2014-10 http://documents.worldbank.org/curated/en/2014/10/20291035/performance-renewable-energy-auctions-experience-brazil-china-india http://hdl.handle.net/10986/20498 English en_US Policy Research Working Paper;No. 7062 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific Latin America & Caribbean South Asia Brazil China India |