| ID | 176123 |
| Title Proper | Counteracting market concentration in renewable energy auctions |
| Other Title Information | lessons learned from South Africa |
| Language | ENG |
| Author | Nygaard, Ivan ; Author links open overlay panelWikusKrugeraIvanNygaardbLenaKitzing ; Kruger, Wikus ; LenaKitzing |
| Summary / Abstract (Note) | Competitive bidding programmes, or auctions, are becoming the dominant method for procuring utility-scale renewable energy generation capacity and have coincided with significant cost reductions of renewable energy (RE) technologies. The use of price in auctions as the main awarding criterion has been criticized for apparently leading to market concentration and dominance in project ownership. We investigate: to what extent South Africa's renewable energy auction programme has contributed to market concentration and dominance; if market concentration and dominance have a negative impact on electricity cost in the auction; and to what extent measures taken to counteract market concentration and dominance have led to improved competition and diversity of project ownership. |
| `In' analytical Note | Energy Policy Vol. 148 PB, JAN 2021 : p.111995 |
| Journal Source | Energy Policy 2021-01 148 PB, JAN |
| Key Words | South Africa ; Renewable Energy ; Auctions ; Market Concentration |