GTAP-E-Power: An electricity-detailed extension of the GTAP-E model

Jeffrey C. Peters

No 332679, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: An aggregate representation of the electricity sector has been used extensively to explore global economic analysis of energy and climate policy (e.g. GTAP-E). However, disproportionate technological progress and policies across different generating technologies requires a more detailed representation that both 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. Substitution is represented with a nested additive constant elasticity of substitution, which is implemented for energy volumes here for the first time. The primary purpose of GTAP-E-Power is to serve as guidance for integrating the GTAP-Power Data Base as well as structuring substitution between electricity generating technologies into computable general equilibrium models to inform economic, energy, and climate policy.

Keywords: Research Methods/Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:332679

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