Renewable energy auctions: status and trends beyond price

As the renewable energy sector matures, policies must be adapted to reflect changing market conditions. With the increasing use of auctions, policy makers seek to procure renewables-based electricity at the lowest price and also fulfil socio-economic objectives. This brief outlines the latest research on auctions by the International Renewable Energy Agency (IRENA), with a focus on market developments in 2017-2018.