This paper explores the role of markets in facilitating the transition to renewable energy sources. In particular, it investigates the effectiveness of a gross pool wholesale market design, where all electricity is traded in the spot market, in providing price signals that encourage investments...

This paper examines the newly designed electricity auctions in Brazil. Firstly we describe the auction mechanism that is currently used to allocate contracts between generators and distributors. Secondly, we report the auction results. Finally, the paper concludes with some of the lessons drawn...