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DOI | 10.1016/j.enpol.2017.08.024 |
Putting renewable energy auctions into action - An agent-based model of onshore wind power auctions in Germany | |
Anatolitis, Vasilios1,2,3; Welisch, Marijke2 | |
2017-11-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 110 |
文章类型 | Article |
语种 | 英语 |
国家 | Germany; Austria |
英文摘要 | The following analysis looks into auctions for renewable energy, specifically onshore wind power in Germany. Following an agent-based modeling approach, the two most commonly applied auction pricing rules are compared (uniform and pay-as-bid) and first conclusions on outcomes are drawn for future policy design. The auctions are modeled to closely represent the auction design foreseen in the German Renewable Energy Sources Act (EEG, 2017) and replicate their parameters. The analysis draws on auction theory. For both pricing schemes, individually rational agents with independent valuation are assumed. As support for renewable electricity through auctions is to be established permanently and auction rounds will be held multi-annually, a further focus lies on agents learning over time by adapting their behavior to new information. The model results show that pay-as-bid exhibits lower prices and thus support costs than uniform pricing, whereas allocative efficiency suffers under pay-as-bid. Over time, one can observe a decline in the strike price, which is due to learning effects, whereas agents' profits increase in the course of the auctions. Furthermore, smaller actors will experience difficulties and agent diversity is likely to suffer in the long term, if this is not accounted for in other ways. |
英文关键词 | Agent-based modelling Auction simulation Onshore wind power Uniform pricing Pay-as-bid |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000417660800038 |
WOS关键词 | BIDDING STRATEGY ; ELECTRICITY PAY ; BID AUCTION |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/19088 |
专题 | 气候变化 |
作者单位 | 1.Fraunhofer Inst Syst & Innovat Res Fraunhofer ISI, Breslauer Str 48, D-76139 Karlsruhe, Germany; 2.TU Wien, Inst Energy Syst & Elect Drives, EEG, Gusshausstr 25-29-370-3, A-1040 Vienna, Austria; 3.KIT, IIP, Hertzstr 16, D-76187 Karlsruhe, Germany |
推荐引用方式 GB/T 7714 | Anatolitis, Vasilios,Welisch, Marijke. Putting renewable energy auctions into action - An agent-based model of onshore wind power auctions in Germany[J]. ENERGY POLICY,2017,110. |
APA | Anatolitis, Vasilios,&Welisch, Marijke.(2017).Putting renewable energy auctions into action - An agent-based model of onshore wind power auctions in Germany.ENERGY POLICY,110. |
MLA | Anatolitis, Vasilios,et al."Putting renewable energy auctions into action - An agent-based model of onshore wind power auctions in Germany".ENERGY POLICY 110(2017). |
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