GTAP-E-Power: An Electricity-detailed Economy-wide Model
Jeffrey C Peters
Journal of Global Economic Analysis, 2016, vol. 1, issue 2, 156-187
Global economic analysis of energy and climate policy often uses an aggregate representation of the electricity sector (e.g., GTAP-E). However, disproportionate technological progress and policies across different generating technologies requires a more detailed representation that identifies and allows for substitution between generating technologies. GTAP-E-Power extends the GTAP-E model to include transmission and distribution as well as substitution between nuclear, coal, gas base load, gas peak load, oil base load, oil peak load, hydro base load, hydro peak load, wind, solar, and 'other' power. Electric power substitution is represented with a nested additive constant elasticity of substitution which, opposed to the traditional constant elasticity of substitution, ensures that the sum of demands for generation from each technology is equal to total demand for electricity generation. The primary purpose of GTAP-E-Power is to serve as guidance for implementing the GTAP-Power Data Base in a computable general equilibrium model with substitution between electricity generating technologies to inform economic, energy, and climate policy.
Keywords: GTAP; GTAP-Power; GTAP-E-Power; Computable general equilibrium; Electric power (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:gta:jnlgea:v:1:y:2016:i:2:p:156-187
Access Statistics for this article
More articles in Journal of Global Economic Analysis from Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University Contact information at EDIRC.
Bibliographic data for series maintained by Jeremy Douglas ().