Implementing a load duration curve of electricity demand in a general equilibrium model
Energy Economics, 2014, vol. 45, issue C, 373-380
Top-down computable general equilibrium models of energy–economy interactions have a limited representation of the electricity sector, typically using constant elasticities of substitution between generation types. Detailed bottom-up electricity models generally have embedded load duration curves with the electricity price determined by the marginal cost of generation. This study incorporates a simple representation of electricity generation with these bottom-up features directly into the GTAP general equilibrium model.
Keywords: Computable general equilibrium; Electricity; Load duration curve (search for similar items in EconPapers)
JEL-codes: C68 D58 Q4 L94 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:45:y:2014:i:c:p:373-380
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Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant
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