The auction scopeThe auction scope is defined by the periodicity of auctions,... is defined by the periodicity of auctions, by the volume of each individual auctionAn auction is a market mechanism with the aims of allocating..., and related to this, target achievement safeguards in the auctionAn auction is a market mechanism with the aims of allocating....
Auction volumeThe auction volume refers to the amount of renewable electri... refers to the amount of renewable electricity demanded by the auctioneer in each individual auctionAn auction is a market mechanism with the aims of allocating.... The volumes of individual auctions should be consistent with a medium term ( at least 3-5-year) deployment plan for the technology/ies in question. AuctionAn auction is a market mechanism with the aims of allocating... periodicity refers to how frequently auctionAn auction is a market mechanism with the aims of allocating... rounds take place in the case of recurring auctions. Depending on the market and technology, the frequency may range from once every few years to several times per year. In order to avoid unnecessary uncertainty for investors, it is important that auctionAn auction is a market mechanism with the aims of allocating... schedules, including frequency and volumes, are predictable and reliable in the medium term.
Target achievement safeguards can be put in place to ensure that the medium-term deployment trajectory is followed even if part of the awarded auctionAn auction is a market mechanism with the aims of allocating... volumes do not get realised. For example, volumes which were awarded but not realised in previous auctionAn auction is a market mechanism with the aims of allocating... rounds can be added to the volumes of later auctionAn auction is a market mechanism with the aims of allocating... rounds.