The feasibility and impacts of renewable energy auctions in Bangladesh: lessons based on best practices
International Journal of Energy Sector Management
ISSN: 1750-6220
Article publication date: 15 December 2023
Abstract
Purpose
The present study aims to provide a roadmap for meeting the carbon-free, green energy production target within the stipulated period while also considering climate targets through a sustainable auctioning scheme.
Design/methodology/approach
The research outlines the opportunity to design auctions based on qualitative research, the impact of auctions on energy costs and thus the feasibility of suggested auctioning schemes based on country-specific empirical evidence and benefits.
Findings
The conclusions show that this may result in various advantages for emerging economies relating to technology-neutral site-specific auctions if designed according to state-specific socio-economic conditions.
Originality/value
The planned addition to the state-of-the-art in the renewable energy (RE) field of this paper is that it intends to bridge the gap between theory and practice. The analysis has concepts for research, practice and/or community. Thus, it can serve as a primary source of literature reference for those willing to learn more about the aspects of cost related to RE.
Keywords
Acknowledgements
The authors gratefully acknowledge the assistance of Dr Balazs Felsmann Tibor, University of Corvinus, Budapest, for his wholehearted support, feedback and guidelines for developing this paper.
Declaration of conflicting interests: The authors declare that they have no known conflicting financial interests or individual relations that could have influenced the work described in this paper.
Citation
Shahi Md., T.A. and Somosi, S. (2023), "The feasibility and impacts of renewable energy auctions in Bangladesh: lessons based on best practices", International Journal of Energy Sector Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/IJESM-08-2023-0027
Publisher
:Emerald Publishing Limited
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