Publication:
Promoting Renewable Energy through Auctions

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dc.contributor.authorElizondo Azuela, Gabriela
dc.contributor.authorBarroso, Luiz
dc.date.accessioned2014-06-17T15:35:18Z
dc.date.available2014-06-17T15:35:18Z
dc.date.issued2014-06-13
dc.description.abstractThis knowledge note singles out auctions as an important mechanism that has been implemented in a growing number of countries in recent decades. It features case studies of auctions designed to promote the generation of electricity from renewable sources in Brazil, China, and India. Auctions in various forms are being used to promote the generation of electricity from renewable sources. Properly structured auctions can avoid the disadvantages of feed-in tariffs and renewable purchase obligations. Moreover, they offer the best of both of these early mechanisms, providing stable revenue guarantees for investors while also avoiding the risk of overbuilding. They do this by determining both price and quantity in advance. Promoting renewable energy through auctions is important, because experience with the use of auctions can guide future efforts. Among the examples of the benefits to be obtained from generating electricity from renewable sources are (i) increasing countries' energy security by reducing their dependency on fossil fuel imports, (ii) reducing greenhouse gas emissions as part of a worldwide effort to mitigate climate change, (iii) promoting electrification while reducing the need for isolated applications such as diesel generators, and (iv) minimizing local pollution. Auctions are an effective way to stimulate competition among investors, provide price disclosure while eliciting the right amount of investment, and offer revenue stability via long-term contracting.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/06/19670591/promoting-renewable-energy-through-auctions
dc.identifier.doi10.1596/18674
dc.identifier.urihttps://hdl.handle.net/10986/18674
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesLive Wire, 2014/12
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO ELECTRICITY
dc.subjectALLOCATION
dc.subjectALTERNATIVE ENERGY
dc.subjectAPPROACH
dc.subjectAUCTION
dc.subjectAUCTIONS
dc.subjectAVAILABILITY
dc.subjectBANK LENDING
dc.subjectBARRIER
dc.subjectBLACK CARBON
dc.subjectBONDS
dc.subjectBOTTOM LINE
dc.subjectBURNING COAL
dc.subjectBUSINESS DEVELOPMENT
dc.subjectCARBON
dc.subjectCARBON DIOXIDE
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCO
dc.subjectCO2
dc.subjectCOAL
dc.subjectCOMBUSTION
dc.subjectCOMPETITIVE MARKET
dc.subjectCOST OF ENERGY
dc.subjectCUSTOMER SERVICE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDIESEL
dc.subjectDIESEL GENERATORS
dc.subjectDISCOUNT RATE
dc.subjectDISTRIBUTION OF ENERGY
dc.subjectELECTRIC UTILITY
dc.subjectELECTRICITY SECTOR
dc.subjectELECTRIFICATION
dc.subjectEMERGING ECONOMIES
dc.subjectENERGY CONSULTANT
dc.subjectENERGY CONSUMERS
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY COSTS
dc.subjectENERGY DATA
dc.subjectENERGY DEVELOPMENT
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY INDUSTRIES
dc.subjectENERGY MARKET
dc.subjectENERGY MIX
dc.subjectENERGY PLANNING
dc.subjectENERGY POLICIES
dc.subjectENERGY PRICES
dc.subjectENERGY SECURITY
dc.subjectENERGY SYSTEMS
dc.subjectEXCHANGE RATE
dc.subjectFINANCIAL BENEFITS
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUEL IMPORTS
dc.subjectFOSSIL FUELS
dc.subjectFUTURE CASH FLOWS
dc.subjectGENERATION
dc.subjectGENERATION CAPACITY
dc.subjectGENERATION OF ELECTRICITY
dc.subjectGREENHOUSE
dc.subjectGREENHOUSE GAS
dc.subjectGREENHOUSE GAS EMISSIONS
dc.subjectGREENHOUSE GAS INVENTORY
dc.subjectGREENHOUSE GASES
dc.subjectHEAT
dc.subjectHEAT GENERATION
dc.subjectINCOME
dc.subjectINFORMATION ASYMMETRY
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT CLIMATE
dc.subjectLOW-INCOME COUNTRIES
dc.subjectLOWER PRICE
dc.subjectMARKET ENTRY
dc.subjectMARKET PRICE
dc.subjectMETHANE
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectOFFSHORE WIND
dc.subjectOIL
dc.subjectOUTPUT
dc.subjectPARTICULAR COUNTRY
dc.subjectPENALTIES
dc.subjectPETROLEUM
dc.subjectPIPELINE
dc.subjectPOLICY MAKERS
dc.subjectPOLLUTION
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPOWER
dc.subjectPOWER DISTRIBUTION
dc.subjectPRESENT VALUE
dc.subjectPRICE CAP
dc.subjectPRICE DISCOVERY
dc.subjectPRICE OF ELECTRICITY
dc.subjectPUBLIC UTILITY
dc.subjectRATE OF RETURN
dc.subjectREGULATOR
dc.subjectREGULATORY POLICIES
dc.subjectRENEWABLE ELECTRICITY
dc.subjectRENEWABLE ENERGY
dc.subjectRENEWABLE ENERGY CAPACITY
dc.subjectRENEWABLE ENERGY GENERATION
dc.subjectRENEWABLE ENERGY POLICY
dc.subjectRENEWABLE ENERGY PROGRAM
dc.subjectRENEWABLE ENERGY SECTOR
dc.subjectRENEWABLE GENERATION
dc.subjectRENEWABLE PORTFOLIO STANDARD
dc.subjectRENEWABLE PORTFOLIO STANDARDS
dc.subjectRENEWABLE SOURCES
dc.subjectSAVINGS
dc.subjectSOLAR POWER
dc.subjectSOURCE OF ENERGY
dc.subjectSTATE BANK
dc.subjectSUPPLY OF ELECTRICITY
dc.subjectSUPPLY SIDE
dc.subjectSUSTAINABLE ENERGY
dc.subjectTAX
dc.subjectTRANSACTION COSTS
dc.subjectTRANSMISSION GRID
dc.subjectTRANSMISSION SYSTEM
dc.subjectTRANSPARENCY
dc.subjectUNCERTAINTIES
dc.subjectUTILITIES
dc.subjectWASTE
dc.subjectWIND
dc.subjectWIND CAPACITY
dc.subjectWIND GENERATION
dc.subjectWIND POWER
dc.subjectWIND POWER CAPACITY
dc.subjectWIND SITES
dc.subjectWORLD ENERGY
dc.titlePromoting Renewable Energy through Auctionsen
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crosscuttingsolutionareaClimate Change
okr.date.disclosure2014-06-13
okr.date.doiregistration2025-04-29T09:29:13.574889Z
okr.doctypePublications & Research::Brief
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/06/19670591/promoting-renewable-energy-through-auctions
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeEnergy and Extractives
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeEnergy and Extractives
okr.guid586341468128410495
okr.identifier.externaldocumentum090224b082b6a8e2_2_0
okr.identifier.internaldocumentum19670591
okr.identifier.report88694
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/06/13/000456286_20140613154047/Rendered/PDF/886940BRI0Live00Box385194B00PUBLIC0.pdfen
okr.topicEnvironment::Climate Change Mitigation and Green House Gases
okr.topicMacroeconomics and Economic Growth::Climate Change Economics
okr.topicPrivate Sector Development::Emerging Markets
okr.topicEnergy::Energy Production and Transportation
okr.topicEnvironment::Environment and Energy Efficiency
okr.unitEnergy Unit (SEGEN)
relation.isSeriesOfPublication98e5571a-7cc0-440c-8455-78cc32cc387a
relation.isSeriesOfPublication.latestForDiscovery98e5571a-7cc0-440c-8455-78cc32cc387a
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