Including system integration of variable renewable energies in a constant elasticity of substitution framework: The case of the WITCH model
Samuel Carrara and
Energy Economics, 2017, vol. 64, issue C, 612-626
The penetration of variable renewable energies (VREs) in the electricity mix poses serious challenges in terms of management of the electrical grids, as the associated variability is in contrast with the requirement that the load be instantaneously equalized by the generation. One of the goals of Integrated Assessment Models (IAMs) is to simulate the evolution of electricity demand and generation mix over time, therefore a proper modeling of VRE system integration is crucial.
Keywords: Variable renewable energies; System integration; Electrical grid; Constant elasticity of substitution; Integrated assessment models (search for similar items in EconPapers)
JEL-codes: Q4 Q41 Q42 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:64:y:2017:i:c:p:612-626
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