气候变化领域集成服务门户(CCPortal): Delays in the construction of power plants from electricity auctions in Brazil

CCPortal

DOI	10.1016/j.enpol.2023.113467
	Delays in the construction of power plants from electricity auctions in Brazil
	Diniz, Bruno Andrade; Szklo, Alexandre; Tolmasquim, Mauricio T.; Schaeffer, Roberto
发表日期	2023
ISSN	0301-4215
EISSN	1873-6777
卷号	175 页码:12
英文摘要	Brazil has a long-running experience with auctions as an instrument to procure electricity both from renewable and non-renewable sources. We build a database containing project-level information from auction rounds held in Brazil during the 2005-2017 period and employ multiple regression analyses to investigate the integrated effect of auction design elements, individual bids and project features on construction delays. We find that the schedule performance of wind power projects has been strongly improved with the introduction of a preliminary transmission capacity phase in auctions and when the risk of delays in the extension of the transmission grid was transferred to project developers. Projects contracted in auctions with longer lead times took more time to be completed but faced lower risk of project delays and penalties. Large scale plants were more prone to delays, while no significant difference was found between projects awarded in technology-specific or multi-technology auctions. Lower individual bids were not associated with longer delays, suggesting that apparently the Brazilian hybrid auction system was able to minimize the winner's curse. Our results add empirical evidence to the literature and may provide policy makers with new insights on how to design auctions to promote the expansion of renewable electricity supply.
英文关键词	Construction times; Delays; Auction design; Energy auctions; Brazil
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000944595200001
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272333
作者单位	Universidade Federal do Rio de Janeiro
推荐引用方式 GB/T 7714	Diniz, Bruno Andrade,Szklo, Alexandre,Tolmasquim, Mauricio T.,et al. Delays in the construction of power plants from electricity auctions in Brazil[J],2023,175:12.
APA	Diniz, Bruno Andrade,Szklo, Alexandre,Tolmasquim, Mauricio T.,&Schaeffer, Roberto.(2023).Delays in the construction of power plants from electricity auctions in Brazil.ENERGY POLICY,175,12.
MLA	Diniz, Bruno Andrade,et al."Delays in the construction of power plants from electricity auctions in Brazil".ENERGY POLICY 175(2023):12.