Electricity Auctions : An Overview
            of Efficient Practices

Maurer, Luiz T. A.; Barroso, Luiz A.

dc.creator	Maurer, Luiz T. A.
dc.creator	Barroso, Luiz A.
dc.date	2012-03-19T09:04:32Z
dc.date	2012-03-19T09:04:32Z
dc.date	2011-07-25
dc.date.accessioned	2023-02-17T20:35:01Z
dc.date.available	2023-02-17T20:35:01Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20110818032547
dc.identifier	978-0-8213-8822-8
dc.identifier	http://hdl.handle.net/10986/2346
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242723
dc.description	This report assesses the potential of electricity contract auctions as a procurement option for the World Bank's client countries. It focuses on the role of auctions of electricity contracts designed to expand and retain existing generation capacity. It is not meant to be a 'how-to' manual. Rather, it highlights some major issues and options that need to be taken into account when a country considers moving towards competitive electricity procurement through the introduction of electricity auctions. Auctions have played an important role in the effort to match supply and demand. Ever since the 1990s, the use of long-term contract auctions to procure new generation capacity, notably from private sector suppliers, has garnered increased affection from investors, governments, and multilateral agencies in general, as a means to achieve a competitive and transparent procurement process while providing certainty of supply for the medium to long term. However, the liberalization of electricity markets and the move from single-buyer procurement models increased the nature of the challenge facing system planners in their efforts to ensure an adequate and secure supply of electricity in the future at the best price. While auctions as general propositions are a means to match supply with demand in a cost-effective manner, they can also be and have been used to meet a variety of goals.
dc.language	English
dc.publisher	World Bank
dc.relation	World Bank Study
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	AGGREGATE DEMAND
dc.subject	ARBITRAGE
dc.subject	AUCTION
dc.subject	AUCTION DESIGN
dc.subject	AUCTION DESIGNS
dc.subject	AUCTION MECHANISM
dc.subject	AUCTION MECHANISMS
dc.subject	AUCTION PRICE
dc.subject	AUCTION SYSTEM
dc.subject	AUCTIONS
dc.subject	AVERAGE PRICE
dc.subject	BANDWIDTH
dc.subject	BARRIERS TO ENTRY
dc.subject	BEST PRACTICES
dc.subject	BID PRICE
dc.subject	BIDDING
dc.subject	BIDDING PROCESS
dc.subject	BIDS
dc.subject	BUDGET CONSTRAINTS
dc.subject	BUSINESS MODEL
dc.subject	BUSINESS MODELS
dc.subject	BUSINESSES
dc.subject	BUYER
dc.subject	BUYERS
dc.subject	CALL OPTIONS
dc.subject	CAPACITY EXPANSION
dc.subject	CAPACITY PAYMENTS
dc.subject	CAPTIVE CUSTOMERS
dc.subject	CAPTIVE MARKET
dc.subject	CLIENT COUNTRIES
dc.subject	COMMODITY
dc.subject	COMMON DENOMINATORS
dc.subject	COMPETITION IN ELECTRICITY
dc.subject	COMPETITIVE AUCTION
dc.subject	COMPETITIVE AUCTIONS
dc.subject	COMPETITIVE BID
dc.subject	COMPETITIVE BIDDING
dc.subject	COMPETITIVE PRICE
dc.subject	COMPETITIVE PROCUREMENT
dc.subject	COMPETITIVENESS
dc.subject	COMPLEX INSTRUMENTS
dc.subject	CONCESSION
dc.subject	CONCESSIONS
dc.subject	CONTINGENT LIABILITIES
dc.subject	CONTRACTUAL TERMS
dc.subject	COPYRIGHT
dc.subject	COPYRIGHT CLEARANCE
dc.subject	COPYRIGHT CLEARANCE CENTER
dc.subject	COST STRUCTURES
dc.subject	DECENTRALIZATION
dc.subject	DEMAND CURVE
dc.subject	DEMAND FUNCTION
dc.subject	DEMAND GROWTH
dc.subject	DEREGULATION
dc.subject	DEVELOPING COUNTRIES
dc.subject	DISSEMINATION OF INFORMATION
dc.subject	DISTRIBUTION BUSINESSES
dc.subject	DISTRIBUTION COMPANIES
dc.subject	DIVESTITURE
dc.subject	DUTCH AUCTION
dc.subject	DUTCH AUCTIONS
dc.subject	E-MAIL
dc.subject	ECONOMIES OF SCALE
dc.subject	ELECTRIC SECTOR
dc.subject	ELECTRICITY
dc.subject	ELECTRICITY GENERATION
dc.subject	ELECTRICITY INDUSTRY
dc.subject	ELECTRICITY MARKET
dc.subject	ELECTRICITY SECTOR
dc.subject	ELECTRICITY SUPPLY
dc.subject	END-USER
dc.subject	END-USERS
dc.subject	ENERGY AUCTIONS
dc.subject	ENERGY PRICE
dc.subject	ENERGY PROCUREMENT
dc.subject	ENFORCEMENT OF CONTRACTS
dc.subject	EXCESS SUPPLY
dc.subject	EXPANSION OF GENERATION CAPACITY
dc.subject	EXPOSURE
dc.subject	FAIR
dc.subject	FORWARD CONTRACT
dc.subject	FUTURE CONTRACTS
dc.subject	GENERATION
dc.subject	GENERATION CAPACITY
dc.subject	GENERATION EXPANSION
dc.subject	GENERATORS
dc.subject	GOVERNMENT CONTRACTS
dc.subject	GOVERNMENT GUARANTEES
dc.subject	GOVERNMENT INVESTMENTS
dc.subject	GOVERNMENT POLICY
dc.subject	GOVERNMENT SUPPORT
dc.subject	GROWTH RATES
dc.subject	IMAGES
dc.subject	INCOME
dc.subject	INDEPENDENT POWER PRODUCERS
dc.subject	INDIVIDUAL MARKET
dc.subject	INDIVIDUAL MARKETS
dc.subject	INFORMATION DISCLOSURE
dc.subject	INFORMATION TECHNOLOGY
dc.subject	INSTALLATION
dc.subject	INSTITUTIONAL FRAMEWORKS
dc.subject	INSTRUMENT
dc.subject	INTERNATIONAL BANK
dc.subject	JURISDICTIONS
dc.subject	LACK OF TRANSPARENCY
dc.subject	LEVELS OF COMPETITION
dc.subject	LIBERALIZATION
dc.subject	LICENSES
dc.subject	LIMITED ACCESS
dc.subject	LIQUID MARKETS
dc.subject	LOAD CURVE
dc.subject	LOAD SHAPE
dc.subject	LOWER PRICES
dc.subject	MARGINAL COST
dc.subject	MARKET CONCENTRATION
dc.subject	MARKET DESIGN
dc.subject	MARKET FORCES
dc.subject	MARKET MECHANISM
dc.subject	MARKET MECHANISMS
dc.subject	MARKET PARTICIPANTS
dc.subject	MARKET POWER
dc.subject	MARKET REQUIREMENTS
dc.subject	MARKET VALUE
dc.subject	MARKETPLACE
dc.subject	MATERIAL
dc.subject	MIDDLE-INCOME COUNTRIES
dc.subject	MOBILE SERVICES
dc.subject	NEW PRODUCTS
dc.subject	OFFER PRICE
dc.subject	OPEN AUCTION
dc.subject	OPPORTUNITY COSTS
dc.subject	OUTSOURCING
dc.subject	PAYMENT GUARANTEES
dc.subject	PHYSICAL ASSETS
dc.subject	POLICY FORMULATION
dc.subject	PORTFOLIO
dc.subject	POTENTIAL INVESTORS
dc.subject	POWER CONTRACTS
dc.subject	POWER MARKETS
dc.subject	POWER PLANTS
dc.subject	POWER PURCHASE
dc.subject	POWER PURCHASE AGREEMENTS
dc.subject	POWER PURCHASE COSTS
dc.subject	POWER SECTOR
dc.subject	POWER SECTOR REFORM
dc.subject	PRICE AUCTION
dc.subject	PRICE BIDS
dc.subject	PRICE COMPETITION
dc.subject	PRICE DECREASES
dc.subject	PRICE DISCOVERY
dc.subject	PRICE ELASTICITY
dc.subject	PRICE INFORMATION
dc.subject	PRIVATE INFORMATION
dc.subject	PRIVATE SECTOR
dc.subject	PROCUREMENT
dc.subject	PROCUREMENT PROCESS
dc.subject	PROCUREMENT PROCESSES
dc.subject	PURCHASING
dc.subject	QUERIES
dc.subject	RADIO
dc.subject	RADIO SPECTRUM
dc.subject	REGIONAL POWER
dc.subject	REGULATOR
dc.subject	REGULATORS
dc.subject	REGULATORY FRAMEWORK
dc.subject	REGULATORY OVERSIGHT
dc.subject	REGULATORY REQUIREMENTS
dc.subject	RELIABILITY
dc.subject	RENEWABLE ENERGY
dc.subject	RESERVE
dc.subject	RESULT
dc.subject	RESULTS
dc.subject	RETAIL
dc.subject	REVERSE AUCTION
dc.subject	REVERSE AUCTIONS
dc.subject	RISK AVERSION
dc.subject	RULE OF LAW
dc.subject	SALE
dc.subject	SALES
dc.subject	SAVINGS
dc.subject	SITES
dc.subject	SPOT ELECTRICITY
dc.subject	SPREAD
dc.subject	STATE UTILITIES
dc.subject	SUBSTITUTES
dc.subject	SUPPLIERS
dc.subject	SUPPLY CHAIN
dc.subject	SUPPLY CONTRACTS
dc.subject	SUPPLY CURVE
dc.subject	SUPPLY FUNCTION
dc.subject	SUSTAINABLE DEVELOPMENT
dc.subject	TELECOMMUNICATIONS
dc.subject	TELECOMMUNICATIONS COMPANIES
dc.subject	TELEPHONE
dc.subject	TENDERS
dc.subject	TIME FRAMES
dc.subject	TRADING
dc.subject	TRANSACTION
dc.subject	TRANSACTION COSTS
dc.subject	TRANSMISSION
dc.subject	TRANSMISSION ASSETS
dc.subject	TRANSMISSION FACILITIES
dc.subject	TRANSPARENCY
dc.subject	TRANSPARENT PROCUREMENT
dc.subject	TRANSPARENT PROCUREMENT PROCESS
dc.subject	TRANSPARENT WAY
dc.subject	UNIFORM PRICE
dc.subject	UNIFORM PRICE AUCTION
dc.subject	USES
dc.subject	UTILITIES
dc.subject	UTILITY COMPANIES
dc.subject	VALUATIONS
dc.subject	VERTICAL INTEGRATION
dc.subject	WEB
dc.subject	WEB SITE
dc.subject	WHOLESALE MARKET
dc.subject	WHOLESALE MARKETS
dc.subject	WINNING BIDDERS
dc.title	Electricity Auctions : An Overview of Efficient Practices
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication