The authors examine the impact of auctions on energy costs and
their potential benefits to the local and national economy. The short study
also examines the auction effect on the levelized cost of electricity (LCOE).
Both qualitative and quantitative analyse-based research results suggest that
a systematic auctioning scheme, coupled with socio-economic development
instruments and a qualification requirement, can help emerging states with
renewable energy resources to achieve various benefits in the society as well as the
economy.
