Tenders and reverse auctions are used by public entities to procure energy efficiency and renewable energy projects. In a reverse auction, energy generators make offers as to the price for which they can provide renewable energy generation. The public entity the selects the winning bidders that meet the criteria, starting with the lowest price offers until the required capacity levels are met. The winning bids are then secured through power purchase agreements with the utility.
A Policy Brief on Tenders and Reverse Auctions
Before you browse our library of published resources via the search link below, consider reading our policy brief about tenders and reverse auctions, which is part of a series of briefs intended to inform legislators, decision makers, analysts working for government agencies and utility executives on current good practices and lessons learned.