Grid investment and subsidy tradeoffs in renewable electricity auctions

Geographically neutral renewable energy auctions incentivize investors to locate their plants in optimal locations to minimize their bid prices, but this concentration might result in substantial grid investments. Ultimately, maximizing the social welfare for consumers requires minimizing the sum of...

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Detalles Bibliográficos
Autores: Daví-Arderius, Daniel, Trujillo-Baute, Elisa, del Río, Pablo
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2023
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:10459.1/464007
Acceso en línea:https://doi.org/10.1016/j.jup.2023.101620
https://hdl.handle.net/10459.1/464007
Access Level:acceso abierto
Palabra clave:Renewable energy
Renewable energy auctions
Grid costs
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spelling Grid investment and subsidy tradeoffs in renewable electricity auctionsDaví-Arderius, DanielTrujillo-Baute, Elisadel Río, PabloRenewable energyRenewable energy auctionsGrid costsGeographically neutral renewable energy auctions incentivize investors to locate their plants in optimal locations to minimize their bid prices, but this concentration might result in substantial grid investments. Ultimately, maximizing the social welfare for consumers requires minimizing the sum of renewable energy auction subsidies and grid investments. We quantify the trade-offs between grid investment costs and auction subsidies in geographically neutral and geographically diverse renewable energy auctions. We find that consumer costs are minimized in geographically diverse auctions, e.g., when renewables are not only located in the most optimal regions and, thus, when the auction subsidies are not minimized.Elsevier2023info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://doi.org/10.1016/j.jup.2023.101620https://hdl.handle.net/10459.1/464007reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésReproducció del document publicat a https://doi.org/10.1016/j.jup.2023.101620Utilities Policy, 2023, vol. 84, 101620cc-by (c) Daniel Davi-Arderius, Elisa Trujillo-Baute, Pablo del Río, 2023Attribution 4.0 Internationalinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0/oai:recercat.cat:10459.1/4640072026-05-29T05:05:01Z
dc.title.none.fl_str_mv Grid investment and subsidy tradeoffs in renewable electricity auctions
title Grid investment and subsidy tradeoffs in renewable electricity auctions
spellingShingle Grid investment and subsidy tradeoffs in renewable electricity auctions
Daví-Arderius, Daniel
Renewable energy
Renewable energy auctions
Grid costs
title_short Grid investment and subsidy tradeoffs in renewable electricity auctions
title_full Grid investment and subsidy tradeoffs in renewable electricity auctions
title_fullStr Grid investment and subsidy tradeoffs in renewable electricity auctions
title_full_unstemmed Grid investment and subsidy tradeoffs in renewable electricity auctions
title_sort Grid investment and subsidy tradeoffs in renewable electricity auctions
dc.creator.none.fl_str_mv Daví-Arderius, Daniel
Trujillo-Baute, Elisa
del Río, Pablo
author Daví-Arderius, Daniel
author_facet Daví-Arderius, Daniel
Trujillo-Baute, Elisa
del Río, Pablo
author_role author
author2 Trujillo-Baute, Elisa
del Río, Pablo
author2_role author
author
dc.subject.none.fl_str_mv Renewable energy
Renewable energy auctions
Grid costs
topic Renewable energy
Renewable energy auctions
Grid costs
description Geographically neutral renewable energy auctions incentivize investors to locate their plants in optimal locations to minimize their bid prices, but this concentration might result in substantial grid investments. Ultimately, maximizing the social welfare for consumers requires minimizing the sum of renewable energy auction subsidies and grid investments. We quantify the trade-offs between grid investment costs and auction subsidies in geographically neutral and geographically diverse renewable energy auctions. We find that consumer costs are minimized in geographically diverse auctions, e.g., when renewables are not only located in the most optimal regions and, thus, when the auction subsidies are not minimized.
publishDate 2023
dc.date.none.fl_str_mv 2023
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://doi.org/10.1016/j.jup.2023.101620
https://hdl.handle.net/10459.1/464007
url https://doi.org/10.1016/j.jup.2023.101620
https://hdl.handle.net/10459.1/464007
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Reproducció del document publicat a https://doi.org/10.1016/j.jup.2023.101620
Utilities Policy, 2023, vol. 84, 101620
dc.rights.none.fl_str_mv cc-by (c) Daniel Davi-Arderius, Elisa Trujillo-Baute, Pablo del Río, 2023
Attribution 4.0 International
info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/4.0/
rights_invalid_str_mv cc-by (c) Daniel Davi-Arderius, Elisa Trujillo-Baute, Pablo del Río, 2023
Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
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