Reserve price: lessons learned from brazilian electricity procurement auctions

Reserve price: lessons learned from brazilian electricity procurement auctions (2013)

Autor:
- Rego, Erik Eduardo
Autor USP: REGO, ERIK EDUARDO - EP
Unidade: EP
DOI: 10.1016/j.enpol.2013.05.007
Subjects: PLANEJAMENTO ENERGÉTICO; ENERGIA ELÉTRICA (ASPECTOS ECONÔMICOS); PREÇOS; LEILÃO
Language: Inglês
Abstract: Auctions have been used in several formats in the electric energy industry. In general, regulators may be uncomfortable initiating a reverse auction at a higher-than-expected final price, fearing that participants may sell their energy at an excess profitability. Nevertheless, evidence from electricity procurement auctions conducted in Brazil supports the findings that these types of auctions have the opposite effect. By attracting a larger number of agents, these auctions can trigger stronger competition and lead to lower settlement pricing. Accordingly, the Brazilian cases examined in this article present significant evidence to support this directional theory. In fact, there are some cases of electricity procurement auctions that show that inadequate auction reserve pricing leads to inefficient outcomes and may also cause the auction to fail. On the other hand, auctions with adequate price caps have led to lower final clearing prices, thus contributing to reasonable final energy pricing
Imprenta:
- Publisher place: Guildford
- Date published: 2013
Source:
- Título do periódico: Energy Policy
- ISSN: 0301-4215
- Volume/Número/Paginação/Ano: v. 60, p. 217-223, Sept. 2013

Informações sobre o DOI: 10.1016/j.enpol.2013.05.007 (Fonte: oaDOI API)

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ABNT

REGO, Erik Eduardo. Reserve price: lessons learned from brazilian electricity procurement auctions. Energy Policy, v. 60, p. 217-223, 2013Tradução . . Disponível em: https://doi.org/10.1016/j.enpol.2013.05.007. Acesso em: 19 set. 2024.
APA

Rego, E. E. (2013). Reserve price: lessons learned from brazilian electricity procurement auctions. Energy Policy, 60, 217-223. doi:10.1016/j.enpol.2013.05.007
NLM

Rego EE. Reserve price: lessons learned from brazilian electricity procurement auctions [Internet]. Energy Policy. 2013 ; 60 217-223.[citado 2024 set. 19 ] Available from: https://doi.org/10.1016/j.enpol.2013.05.007
Vancouver

Rego EE. Reserve price: lessons learned from brazilian electricity procurement auctions [Internet]. Energy Policy. 2013 ; 60 217-223.[citado 2024 set. 19 ] Available from: https://doi.org/10.1016/j.enpol.2013.05.007