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Assessing Reverse Auctions as a Policy Tool for Renewable Energy Deployment

Paolo Cozzi
May 2012

Energy, Climate, and Innovation Discussion Paper

Abstract:

coverSeveral countries have used reverse auctions to promote deployment of renewable energy. This combination of a competitive mechanism with a demand for renewable energy should reduce costs in achieving deployment goals. A comparison of British, Chinese, and Brazilian experiences with reverse auctions shows that reverse auctions can be used for renewable energy deployment at a low cost, but design elements need to be present to prevent underbidding and breach of contract.

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