Autori
Cassetta, Ernesto
Meleo, Linda
Nava, Consuelo Rubina
Monaca, Umberto

Titolo
Is the Answer Blowing in the Wind (Auctions)? An Assessment of Italian Auction Procedures to Promote On-Shore Wind Energy
Periodico
Università degli studi di Torino. Dip. Di Economia e Statistica Cognetti de Martiis. Working paper series
Anno: 2017 - Volume: 3 - Fascicolo: 9 - Pagina iniziale: 1 - Pagina finale: 34

The present article provides a quantitative data-based assessment of on-shore wind auctions implemented in Italy from 2012 to 2016. More specifically, this paper investigates policy effectiveness and cost effciency of on-shore wind auction scheme and explores the determinants of the likelihood of being awarded an incentive according to current auction design. Our objective is to provide new insights for better understanding of auction potential outcomes in RES context as well on the different design elements which are more appropriate for specific policy goals. The extreme simplicity of the auction design undoubtedly has promoted competition, encouraging many on-shore wind project developers to bid. Our results show that localisation factors have not constitute a competitive constraint for project developers. When many sites are available and auctioned capacity is not sufficiently high, the administratively setting of ceiling prices becomes a central issue. Doubts also exist on policy effectiveness of the current support scheme which makes difficult to control the totalamount of support provided justifying stop-and-go cycles of financing thus favouring distorted bidding behaviour by project developers.



Testo completo: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2017dip/wp_9_2017.pdf

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