Procurement auctions play an essential role in securing goods or services at competitive prices. One of the key challenges, particularly prominent in renewable energy auctions, is the high uncertainty bidders face regarding future costs. To mitigate this risk, it is common practice to require certain prequalification measures prior to entering the auction (Kreiss et al., 2017). This...
In 2022, energy producers and distributors ran into financial difficulties due to the exploding electricity and gas prices (Focus online, 2022). To mitigate price and volume risks, energy companies enter into long and short positions on the futures market (Wawer, 2022, p. 196). Margins must be deposited on the exchanges to hedge the default risk vis-à-vis the clearing house (ECC, 2022, p. 4f)....