Recording at https://youtu.be/gF-XicTOi2M
The project AURES II (Auctions for Renewable Energy Support) investigates design options for renewable energy auctions and gives recommendations on their use.
AURES II has collected data comprising the design elements, as well as the awarded auction prices and realisation rates in a single database based on the renewable energy auctions implemented in the EU. Based on this, our project aims to gain new quantitative insights on how design elements influence auction performance.
This webinar will present the Auction Database and a first, holistic overview of the design elements used in the various countries of the EU.
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AURES II - Renewable energy Auction Database and overview of auction schemes in the EU
1. AURES II
Auction Database
Renewable energy Auction Database and overview of auction
schemes in the EU
Leonardo Energy Platform, 12 February 2020
AURES II has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 817619
2. AURES II: EU funded research collaboration
on auctions for renewable energy support
2
Funded by the European Union's Horizon 2020 Framework Programme for research and innovation (2018 – 2021)
3. 1. Generate and communicate new insights on the applicability,
performance, and effects of specific auction designs
2. Provide tailor-made policy support for different types of auction
applications
3. Facilitate knowledge exchange between stakeholders
AURES II – objectives
3
4. • Holistic overview on auction designs and outcomes in the EU MS
• Comprising data mainly from 2014 – with some exceptions (UK, Ireland,
France)
• Current database format especially suitable for researchers
• Based on database
• First quantitative analysis of auction design elements in relation to policy objectives
• Econometric analysis on the impact of auction design elements on awarded prices
• Currently beta version online feedback from users is more than
welcome!
WP3 – Auction Database
4
8. • Collaboration with DG ENER project
• Interactive database foreseen
• End of March 2020: first trial version online (for offshore wind)
• End of September 2020: final, interactive version online (all technologies)
• Different interfaces for various stakeholders
• Information and data can be selected and downloaded
...but will be interactive in the near future
8
9. Database gives details on
• General information
• Auction design
• Participation
• Auction outcome
• Prices
• Volume
• Post-Auction
Overview Structure
9
General information
Auction design
Participation
Auction outcome
Post-Auction
Price Rules
Award Procedure
Prequalification Requirements
General Characteristics
10. General Information
10
Country Year
Auction scheme
(incl. main
regulation)
Auction date
(deadline)
[MM/YEAR]
Additional
regulation(s)
Name of auctioneer
Status of the
auction
General Information
Greece 2019
Joint PV/ Wind
Tender 2019
(Law
No.4414/2016)
04/19
RAE Decision
230/2019
The Greek
Regulatory Authority
on Energy (RAE)
concluded
• Cancelled
• Concluded
• Ongoing
• Planned
11. Auction Design – General Characteristics
I
11
Auction design
Auction format
(static/dynamic)
Single- or multi-
unit auction
If single-unit,
project location
predefined?
[0=no/1=yes]
Technology-
specific/neutral,
project-specific
Eligible
Technologies
total
PV
Wind Onshore
General characteristics
dynamic multi-unit auction n/a multi-technology
Static: one possibility to place a bid
Dynamic:possibility to overbid others
• Multiple lines if
more than one
technology eligible
• Total result in top
line
Single-unit: only one good (e.g. Wind Offshore)
Multi-unit: multiple goods (and bidders) awarded
12. Auction design
Eligible
Technologies
Min restriction for
volume bid [kW]
Max restriction for
volume bid [kW]
Cross-border or
multi-national
auction
[0=no/1=yes]
If cross-border
auction, which
partner country/-
ies?
Auctioned product
(budget, electricity,
installed capacity)
Volume of product
[kW if capacity, kWh
if electricity, € if
budget]
total
PV 20000
Wind Onshore 50000
0 n/a capacity 600.000,00
General characteristics
Auction Design – General Characteristics
II
12
Unit dependenton
auctioned product
13. Auction design
Financial
prequalification
[0=no/1=yes]
(First Stage) Bid
bond [0=no/1=yes]
Amount of bid
bond [EUR/kW]
Performance/
Completion bond
[0=no/1=yes]
Amount of
performance/comp
letion bond
[EUR/kW]
Material
prequalification
[0=no/1=yes]
Type of material
prequalification
Strictness of
material
prequalification
10 30 1
Generation
license, grid
connection
agreement
high
12,5 37,5 1
Generation
license, grid
connection
agreement
high
Prequalification requirements
111
Auction Design – Prequalification Requirements
13
Security inorder to participate in the auctionDuewhen awarded
• High
• Low
15. Auction Design – Award Procedures I
15
Auction
design
Award
procedure
[price/multi-
criteria]
Same bid
price
Pricing rule
[same price,
independent
price]
Quotas
[0=no,
1=yes]
Remark on quota
Boni/Mali
[0=no,
1=yes]
Remark on
boni/mali
independent
price
Award procedure
0 0price
How are bidders awarded when they have the same bid price?
Same price: e.g. Uniform pricing
Independentprice: e.g. Pay-as-Bid
16. Auction Design – Award Procedures II
16
Auction
design
Favourable
treatment for
specific actors
[0=no, 1=yes]
Remark on
favourable
treatment
Remuneration
scheme
Limits on
support
[0=no,
1=yes]
Specific limit
Support level
adjustment
Support
duration
[years]
Award procedure
20
two-sided sliding
FIP (CfD)
0
• One-sided sliding FIP
• Two-sided FIP
• Fixed FIP
• Investment grant
• FIT
• Hybrid support scheme
e.g.only up to max. size of projectE.g. Pricedevelopment, inflation taken into account
20. • A total of 148 auction rounds in 19
countries were considered
• Exceptions: Belgium, Sweden,
Czech Republic, Austria, Romania,
Bulgaria, Cyprus, Latvia
RES-E auctions widespread across EU
20
22. AuctionedProduct Number of auctions
Capacity 94
Budget 22
Electricity 20
Others 12
Total 148
Capacity as the main auctioned product
23
23. 0 10 20 30 40 50 60 70
FIT
fixed FIP
Hybrid support scheme
investment grant
one-sided sliding FIP
one-sided sliding FIP & FIT
one-sided sliding FIP & investment subsidy
two-sided sliding FIP (CfD)
others
Number of auctions
Different renumeration schemes are in
use
24
24. • Prequalification requirements:
• Financial:
• Material
• Realisation periods range
depending on technology, on
average:
• PV: 17 - 26 months
• Wind Onshore: 22 – 36 months
• Wind Offshore: 51 – 126 months
• Bioenergy: 37 – 48 months
Auction design elements
25
73%
27%
yes no
92%
8%
yes no
25. AURES II has received funding from the European Union's Horizon 2020
research and innovation programme under grant agreement No 817619
Vasilios Anatolitis
Fraunhofer ISI
vasilios.anatolitis@isi.fraunhofer.de
Ann-Katrin Hanke
Takon
hanke@takon.com,
ann-katrin.hanke@kit.edu
AURES II
Website: http://aures2project.eu/
LinkedIn: AURES II
Twitter: @auctions4res
Newsletter: http://eepurl.com/gd42zz