Cash flow model simulations of past RES auctions in Germany, Spain and Denmark.
A discounted cash flow (DCF) model for the simulation of single investment appraisals of auctionAn auction is a market mechanism with the aims of allocating... participants was developed as part of work package 5: Model-based analysis: learning from simulation.
In this report we use the model to answer some of the project’s research questions, such as the influence of both auctionAn auction is a market mechanism with the aims of allocating... design parameters (e.g. penalty levels) and project specific parameters (e.g. project lifetime or internal discount rate) on the expected bid prices. Generally, we want to link the project specific costs to the observed bid prices on a quantitative basis given a certain auctionAn auction is a market mechanism with the aims of allocating... design.
Download the report here.