Simulating Renewable Energy Auctions for Offshore Wind
dc.contributor.author
Kell, Nicholas P.
dc.contributor.sponsor
Engineering and Physical Sciences Research Council (EPSRC)
dc.date.accessioned
2026-02-27T08:38:06Z
dc.date.issued
2024
dc.description.abstract
Renewable energy auctions seek to efficiently allocate subsidy support and trigger cost reductions in renewable technologies, including offshore wind. However, the design of these
auctions to ensure efficient allocation of subsidy resources which successfully supports the
realisation of renewable projects is challenging. Furthermore, due to the uncertainty associated with future cost and revenue streams, bidding into these auctions is risky for renewable
developers. Simulation of renewable auctions can be used as a tool for analysing auctions.
It allows for different auction rules to be tested and the effect on auctions can be analysed.
Auction simulation also allows developers to characterise the uncertainty associated with their
bid price and so can help with price discovery and strategic bidding. This thesis describes the
design, development, and various applications of a novel modelling approach for simulating
CfD auctions The modelling approach has use cases and implications for policymakers and
renewable generators alike and has been developed in partnership with industrial partners
with active participation in CfD auctions.
dc.identifier.uri
https://era.ed.ac.uk/handle/1842/44443
dc.identifier.uri
https://doi.org/10.7488/era/6963
dc.language.iso
en
dc.subject
Renewable energy
dc.title
Simulating Renewable Energy Auctions for Offshore Wind
dc.type
Thesis
dc.type.qualificationlevel
Doctoral
dc.type.qualificationname
EngD Doctor of Engineering
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