Economics at your fingertips  

Putting renewable energy auctions into action – An agent-based model of onshore wind power auctions in Germany

Vasilios Anatolitis and Marijke Welisch

Energy Policy, 2017, vol. 110, issue C, 394-402

Abstract: 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.

Keywords: Agent-based modelling; Auction simulation; Onshore wind power; Uniform pricing; Pay-as-bid (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
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:

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2018-06-23
Handle: RePEc:eee:enepol:v:110:y:2017:i:c:p:394-402