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Working Paper 875



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Renewable Energy Auctions

Compiled by

AFREPREN/FWD


TABLE OF CONTENTS

1.0. Introduction

2.0. Overview of Renewable Energy Auctions

2.1. The Sealed-Bid Auction

2.2. The Descending Clock Auction/Iterative Process

2.3. The Hybrid Auction

3.0. Comparing FIT and Auctions

4.0. Analysis of RE Auctions

4.1. Strengthsts

4.2. Weaknesses

5.0. Design of RE Auctions

5.1. Technology-specific versus technology-neutral auctions

5.2. Price and volume caps

6.0. Requirements and Compliance Rules

6.1. Requirements for bidding

6.2. Guiding principles

7.0. Other Considerations

7.1. Regulatory and administrativeconsiderations

7.2. Infrastructure considerations

7.3. Financial considerations

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