Auctioning Wind Power Sites when Environmental Quality Matters

Gervasio Ciaccia, Nicola Doni () and Fulvio Fontini
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Gervasio Ciaccia: Italian Authority for Electricity and Gas (AEEG) and Sapienza University of Rome

No 81, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: In this work we frame within auction theory an index that allows to order different projects for the construction of onshore wind energy plants and that explicitly takes into account their environmental quality. Wind farm projects are defined as vectors of attributes, encompassed in four categories: the technical properties of each project; its social impact; its environmental impact and the share of earnings that proponents offer to the collectivity in compensation for the negative externalities of the wind plant. We define an absolute index that allows to order different proposals and evaluate the acceptability of each project, providing the monetary value of each point and inducing a truthful revelation of firms' private information. Moreover, we calibrate the index, on the basis of a representative project and derive the corresponding iso-scoring curves.

Keywords: Renewable Energy; Wind Power; Scoring Rule; Environmental Externalities (search for similar items in EconPapers)
JEL-codes: D4 Q42 Q58 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2008
New Economics Papers: this item is included in nep-agr, nep-ene, nep-env and nep-ppm
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Journal Article: Auctioning wind power sites when environmental quality matters (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0081

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