Leveraging the knowledge gained through the analysis of renewable auctions is one of the major objectives of the AURES II research project. Under Task 2.3 of Work Package 2, project partners have engaged in cooperation with policymakers to help with the design of ongoing auctionAn auction is a market mechanism with the aims of allocating... implementations, providing advice drawing on the knowledge gained from the research project and facilitating knowledge sharing between member states.
In Hungary, renewable auctions were launched in September 2019, followed by 3 other auctionAn auction is a market mechanism with the aims of allocating... calls in July, 2020, April 2021 and November 2021. REKK cooperated with the Hungarian Energy and Public Utility Regulatory Authority (MEKH) and the Ministry for Innovation and Technology (ITM) in the process of elaborating the national auctionAn auction is a market mechanism with the aims of allocating... scheme by supporting the decisions on specific design elements. REKK also undertook a case study in collaboration with the Hungarian Ministry for Innovation and Technology exploring the possibilities and conditions for opening the auctionAn auction is a market mechanism with the aims of allocating... system for projects in other countries. The cooperation focused on the following issues raised by the cooperating partners:
1. How shall the Hungarian renewable auctionAn auction is a market mechanism with the aims of allocating... be designed to suffice the requirement of ensuring technological neutrality for the bidders?
2. How shall the pre-qualification criteria and the level of financial guarantees and sanctions be determined so that the objectives of selecting the most capable bidders and achieving high realisation rates can be met?
3. How can project financing issues affect the success of auctions?
4. What are the most important factors to consider when setting up a cross-border cooperation with other countries? How to select prospective partner countries? How should the tenderAn auction is a market mechanism with the aims of allocating... More design elements be adapted to a cross-border relationship?
This policy brief provides insights on the above cooperation cases, highlighting the main issues, the recommended solutions, and the outcomes of collaborations.
Download the full report here
