Extension of Auctions Core issues: –Minimising build cost –Inducing new entry and innovation Experience (Littlechild and Skerk, 2008, Littlechild and Ponzano, 2008): –Extremely successful in Argentina transmission and sub-transmission (132kV lines and substations) –Widely used for transport systems and public services Transferability: –Already offshore transmission auctions in UK (Ofgem, 2010a) –Extension to high value distribution projects, e.g.
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