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  • 标题:Multi-unit auctions in the procurement of electricity
  • 本地全文:下载
  • 作者:Trifunović Dejan ; Ristić Bojan
  • 期刊名称:Economic annals
  • 印刷版ISSN:0013-3264
  • 电子版ISSN:1820-7375
  • 出版年度:2013
  • 卷号:58
  • 期号:197
  • 页码:47-77
  • DOI:10.2298/EKA1397047T
  • 出版社:Faculty of Economics, Belgrade
  • 摘要:

    This paper reviews some multi-unit auction mechanisms that are used in the procurement of electricity. In ordinary multi-unit auctions bidders compete to buy several units of the same object from the seller, while in procurement or reverse auctions suppliers of electricity compete to sell a certain number of units. Reverse electricity auctions are used in numerous countries and they create a competitive market for electricity, instead of state-owned monopolies providing electricity at administratively set prices. In this paper we will present the most commonly used multi-unit auction forms in electricity markets. Auctions for electricity from renewable energy sources deserve special attention, since these suppliers cannot compete with large-scale producers at the present state of technology.

  • 关键词:electricity auctions; uniform-price auction; discriminatory auction; descending clock auction; hybrid auctions; sequential auctions; combinatorial auctions
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