Electricity Auctions: An Overview of Efficient Practices (Paperback) (ISBN-13: 9780821388228)

Virtually every country in the world faces the challenge of designing the regulatory and financial mechanisms that ensure cost-effective procurement of generation to supply electricity demand. Historically, procurement of generation has been particularly difficult in the emerging economies of Asia, Latin America and Africa. High and usually volatile load growth rates, limited access to financing and immature electricity markets have presented obstacles that have introduced challenges to the procurement process. More recently, environmental concerns regarding land use, impact on biodiversity, indigenous populations, and greenhouse gasses emissions have added layers of complexity. Over the last 7 years, auctions for long-term electricity contracts have been getting increased attention within the electricity sector community as thet have emerged as a successful mechanism to procure new generation capacity. Among the reasons for such widespread interest is the large amount of capacity that has been already contracted from diverse technologies (conventional generation, large hydroelectric plants, renewable), under a variety of innovative auction arrangements and mechanisms, sometimes with multiple buyers and sellers taking part in the process. Auctions have been attracting a broad range of investors, from large established companies to new local and foreign independent power producers, and first-time power system investors.

Author: Luiz T. a. Maurer,Luiz A. Barroso
ISBN-10: 0821388223
ISBN-13: 9780821388228
Publisher: World Bank Publications
Language: English
Published: 07/25/2011
Pages: 176
Format: Paperback
Weight: 0.70lbs
Size: 9.80h x 6.90w x 0.40d

Review Citation(s):
Reference and Research Bk News 12/01/2011 pg. 88