Multi-Objective Auctions for Utility-Scale Solar Battery Systems: Lessons for ASEAN and East Asia

Natsuko Natsuko, Tooraj Jamasb, Luiz Maurer and Anupama Sen

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: Auctions are an increasingly popular means of competitively promoting and procuring renewable energy to meet energy, social, and climate change objectives. To succeed, the technology designs need to accommodate technological progress, declining costs, and increasing Environmental, Social and Governance (ESG) demand. This analysis examines international experiences with large-scale solar photovoltaic (PV) and battery energy storage systems (BESS) auctions, which may be useful for East and Southeast Asia. It revisits auctions' theoretical and conceptual frameworks while concentrating on the ESG aspect from the perspective of such key stakeholders as investors, government, bidders, and communities, regarding efficient allocations of risks, costs, and benefits. It then relates this framework to real-world practices and international evidence on solar PV with and without BESS. The analysis shows that integrating ESG in auction designs and business models is possible and can benefit business and sustainable development. This analysis' focus on the ESG and solar PV plus BESS in auctions contribute are nearly non-existent in the existing academic literature according to the review by del Río and Kiefer (2023).

Keywords: Renewable energy; solar power; battery storage; auction design (search for similar items in EconPapers)
JEL-codes: D0 D4 D8 L0 L1 L9 (search for similar items in EconPapers)
Date: 2023-12-29
New Economics Papers: this item is included in nep-ene, nep-env, nep-reg and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econ.cam.ac.uk/sites/default/files/pub ... pe-pdfs/cwpe2344.pdf

Related works:
Chapter: Multi-objective Auctions for Utility-Scale Solar Battery Systems: Lessons for ASEAN and East Asia (2024)
Working Paper: Multi-objective auctions for utility-scale solar battery systems: lessons for ASEAN and East Asia (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:2344

Access Statistics for this paper

More papers in Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge
Bibliographic data for series maintained by Jake Dyer ().