Publication:
Electricity Auctions : An Overview of Efficient Practices

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dc.contributor.authorMaurer, Luiz T. A.
dc.contributor.authorBarroso, Luiz A.
dc.date.accessioned2012-03-19T09:04:32Z
dc.date.available2012-03-19T09:04:32Z
dc.date.issued2011-07-25
dc.description.abstractThis report assesses the potential of electricity contract auctions as a procurement option for the World Bank's client countries. It focuses on the role of auctions of electricity contracts designed to expand and retain existing generation capacity. It is not meant to be a 'how-to' manual. Rather, it highlights some major issues and options that need to be taken into account when a country considers moving towards competitive electricity procurement through the introduction of electricity auctions. Auctions have played an important role in the effort to match supply and demand. Ever since the 1990s, the use of long-term contract auctions to procure new generation capacity, notably from private sector suppliers, has garnered increased affection from investors, governments, and multilateral agencies in general, as a means to achieve a competitive and transparent procurement process while providing certainty of supply for the medium to long term. However, the liberalization of electricity markets and the move from single-buyer procurement models increased the nature of the challenge facing system planners in their efforts to ensure an adequate and secure supply of electricity in the future at the best price. While auctions as general propositions are a means to match supply with demand in a cost-effective manner, they can also be and have been used to meet a variety of goals.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110818032547
dc.identifier.doi10.1596/978-0-8213-8822-8
dc.identifier.isbn978-0-8213-8822-8
dc.identifier.urihttps://hdl.handle.net/10986/2346
dc.languageEnglish
dc.publisherWorld Bank
dc.relation.ispartofseriesWorld Bank Study
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectAGGREGATE DEMAND
dc.subjectARBITRAGE
dc.subjectAUCTION
dc.subjectAUCTION DESIGN
dc.subjectAUCTION DESIGNS
dc.subjectAUCTION MECHANISM
dc.subjectAUCTION MECHANISMS
dc.subjectAUCTION PRICE
dc.subjectAUCTION SYSTEM
dc.subjectAUCTIONS
dc.subjectAVERAGE PRICE
dc.subjectBANDWIDTH
dc.subjectBARRIERS TO ENTRY
dc.subjectBEST PRACTICES
dc.subjectBID PRICE
dc.subjectBIDDING
dc.subjectBIDDING PROCESS
dc.subjectBIDS
dc.subjectBUDGET CONSTRAINTS
dc.subjectBUSINESS MODEL
dc.subjectBUSINESS MODELS
dc.subjectBUSINESSES
dc.subjectBUYER
dc.subjectBUYERS
dc.subjectCALL OPTIONS
dc.subjectCAPACITY EXPANSION
dc.subjectCAPACITY PAYMENTS
dc.subjectCAPTIVE CUSTOMERS
dc.subjectCAPTIVE MARKET
dc.subjectCLIENT COUNTRIES
dc.subjectCOMMODITY
dc.subjectCOMMON DENOMINATORS
dc.subjectCOMPETITION IN ELECTRICITY
dc.subjectCOMPETITIVE AUCTION
dc.subjectCOMPETITIVE AUCTIONS
dc.subjectCOMPETITIVE BID
dc.subjectCOMPETITIVE BIDDING
dc.subjectCOMPETITIVE PRICE
dc.subjectCOMPETITIVE PROCUREMENT
dc.subjectCOMPETITIVENESS
dc.subjectCOMPLEX INSTRUMENTS
dc.subjectCONCESSION
dc.subjectCONCESSIONS
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTRACTUAL TERMS
dc.subjectCOPYRIGHT
dc.subjectCOPYRIGHT CLEARANCE
dc.subjectCOPYRIGHT CLEARANCE CENTER
dc.subjectCOST STRUCTURES
dc.subjectDECENTRALIZATION
dc.subjectDEMAND CURVE
dc.subjectDEMAND FUNCTION
dc.subjectDEMAND GROWTH
dc.subjectDEREGULATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISSEMINATION OF INFORMATION
dc.subjectDISTRIBUTION BUSINESSES
dc.subjectDISTRIBUTION COMPANIES
dc.subjectDIVESTITURE
dc.subjectDUTCH AUCTION
dc.subjectDUTCH AUCTIONS
dc.subjectE-MAIL
dc.subjectECONOMIES OF SCALE
dc.subjectELECTRIC SECTOR
dc.subjectELECTRICITY
dc.subjectELECTRICITY GENERATION
dc.subjectELECTRICITY INDUSTRY
dc.subjectELECTRICITY MARKET
dc.subjectELECTRICITY SECTOR
dc.subjectELECTRICITY SUPPLY
dc.subjectEND-USER
dc.subjectEND-USERS
dc.subjectENERGY AUCTIONS
dc.subjectENERGY PRICE
dc.subjectENERGY PROCUREMENT
dc.subjectENFORCEMENT OF CONTRACTS
dc.subjectEXCESS SUPPLY
dc.subjectEXPANSION OF GENERATION CAPACITY
dc.subjectEXPOSURE
dc.subjectFAIR
dc.subjectFORWARD CONTRACT
dc.subjectFUTURE CONTRACTS
dc.subjectGENERATION
dc.subjectGENERATION CAPACITY
dc.subjectGENERATION EXPANSION
dc.subjectGENERATORS
dc.subjectGOVERNMENT CONTRACTS
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT INVESTMENTS
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROWTH RATES
dc.subjectIMAGES
dc.subjectINCOME
dc.subjectINDEPENDENT POWER PRODUCERS
dc.subjectINDIVIDUAL MARKET
dc.subjectINDIVIDUAL MARKETS
dc.subjectINFORMATION DISCLOSURE
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINSTALLATION
dc.subjectINSTITUTIONAL FRAMEWORKS
dc.subjectINSTRUMENT
dc.subjectINTERNATIONAL BANK
dc.subjectJURISDICTIONS
dc.subjectLACK OF TRANSPARENCY
dc.subjectLEVELS OF COMPETITION
dc.subjectLIBERALIZATION
dc.subjectLICENSES
dc.subjectLIMITED ACCESS
dc.subjectLIQUID MARKETS
dc.subjectLOAD CURVE
dc.subjectLOAD SHAPE
dc.subjectLOWER PRICES
dc.subjectMARGINAL COST
dc.subjectMARKET CONCENTRATION
dc.subjectMARKET DESIGN
dc.subjectMARKET FORCES
dc.subjectMARKET MECHANISM
dc.subjectMARKET MECHANISMS
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET POWER
dc.subjectMARKET REQUIREMENTS
dc.subjectMARKET VALUE
dc.subjectMARKETPLACE
dc.subjectMATERIAL
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMOBILE SERVICES
dc.subjectNEW PRODUCTS
dc.subjectOFFER PRICE
dc.subjectOPEN AUCTION
dc.subjectOPPORTUNITY COSTS
dc.subjectOUTSOURCING
dc.subjectPAYMENT GUARANTEES
dc.subjectPHYSICAL ASSETS
dc.subjectPOLICY FORMULATION
dc.subjectPORTFOLIO
dc.subjectPOTENTIAL INVESTORS
dc.subjectPOWER CONTRACTS
dc.subjectPOWER MARKETS
dc.subjectPOWER PLANTS
dc.subjectPOWER PURCHASE
dc.subjectPOWER PURCHASE AGREEMENTS
dc.subjectPOWER PURCHASE COSTS
dc.subjectPOWER SECTOR
dc.subjectPOWER SECTOR REFORM
dc.subjectPRICE AUCTION
dc.subjectPRICE BIDS
dc.subjectPRICE COMPETITION
dc.subjectPRICE DECREASES
dc.subjectPRICE DISCOVERY
dc.subjectPRICE ELASTICITY
dc.subjectPRICE INFORMATION
dc.subjectPRIVATE INFORMATION
dc.subjectPRIVATE SECTOR
dc.subjectPROCUREMENT
dc.subjectPROCUREMENT PROCESS
dc.subjectPROCUREMENT PROCESSES
dc.subjectPURCHASING
dc.subjectQUERIES
dc.subjectRADIO
dc.subjectRADIO SPECTRUM
dc.subjectREGIONAL POWER
dc.subjectREGULATOR
dc.subjectREGULATORS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY OVERSIGHT
dc.subjectREGULATORY REQUIREMENTS
dc.subjectRELIABILITY
dc.subjectRENEWABLE ENERGY
dc.subjectRESERVE
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL
dc.subjectREVERSE AUCTION
dc.subjectREVERSE AUCTIONS
dc.subjectRISK AVERSION
dc.subjectRULE OF LAW
dc.subjectSALE
dc.subjectSALES
dc.subjectSAVINGS
dc.subjectSITES
dc.subjectSPOT ELECTRICITY
dc.subjectSPREAD
dc.subjectSTATE UTILITIES
dc.subjectSUBSTITUTES
dc.subjectSUPPLIERS
dc.subjectSUPPLY CHAIN
dc.subjectSUPPLY CONTRACTS
dc.subjectSUPPLY CURVE
dc.subjectSUPPLY FUNCTION
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectTELECOMMUNICATIONS
dc.subjectTELECOMMUNICATIONS COMPANIES
dc.subjectTELEPHONE
dc.subjectTENDERS
dc.subjectTIME FRAMES
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSMISSION
dc.subjectTRANSMISSION ASSETS
dc.subjectTRANSMISSION FACILITIES
dc.subjectTRANSPARENCY
dc.subjectTRANSPARENT PROCUREMENT
dc.subjectTRANSPARENT PROCUREMENT PROCESS
dc.subjectTRANSPARENT WAY
dc.subjectUNIFORM PRICE
dc.subjectUNIFORM PRICE AUCTION
dc.subjectUSES
dc.subjectUTILITIES
dc.subjectUTILITY COMPANIES
dc.subjectVALUATIONS
dc.subjectVERTICAL INTEGRATION
dc.subjectWEB
dc.subjectWEB SITE
dc.subjectWHOLESALE MARKET
dc.subjectWHOLESALE MARKETS
dc.subjectWINNING BIDDERS
dc.titleElectricity Auctions : An Overview of Efficient Practicesen
dspace.entity.typePublication
okr.date.disclosure2011-08-18
okr.doctypePublications & Research::Publication
okr.doctypePublications & Research::Publication
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110818032547
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid114141468265789259
okr.identifier.doi10.1596/978-0-8213-8822-8
okr.identifier.externaldocumentum000356161_20110818032547
okr.identifier.internaldocumentum14830990
okr.identifier.report63875
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/08/18/000356161_20110818032547/Rendered/PDF/638750PUB0Exto00Box0361531B0PUBLIC0.pdfen
okr.topicPrivate Sector Development::E-Business
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicPrivate Sector Development::Emerging Markets
okr.unitClimate Strategy & Bus.Dev - CBG (CBGSB)
okr.volume1 of 1
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