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Implementing a load duration curve of electricity demand in a general equilibrium model

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  • Wiskich, Anthony

Abstract

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.

Suggested Citation

  • Wiskich, Anthony, 2014. "Implementing a load duration curve of electricity demand in a general equilibrium model," Energy Economics, Elsevier, vol. 45(C), pages 373-380.
    • Handle: RePEc:eee:eneeco:v:45:y:2014:i:c:p:373-380
    DOI: 10.1016/j.eneco.2014.07.021
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    References listed on IDEAS

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    1. Clarke, Leon & Krey, Volker & Weyant, John & Chaturvedi, Vaibhav, 2012. "Regional energy system variation in global models: Results from the Asian Modeling Exercise scenarios," Energy Economics, Elsevier, vol. 34(S3), pages 293-305.
    2. Jean-Marc Burniaux & Jean Château, 2008. "An Overview of the OECD ENV-Linkages Model," OECD Economics Department Working Papers 653, OECD Publishing.
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    Cited by:

    1. Yu, Weichao & Gong, Jing & Song, Shangfei & Huang, Weihe & Li, Yichen & Zhang, Jie & Hong, Bingyuan & Zhang, Ye & Wen, Kai & Duan, Xu, 2019. "Gas supply reliability analysis of a natural gas pipeline system considering the effects of underground gas storages," Applied Energy, Elsevier, vol. 252(C), pages 1-1.
    2. Yu, Weichao & Song, Shangfei & Li, Yichen & Min, Yuan & Huang, Weihe & Wen, Kai & Gong, Jing, 2018. "Gas supply reliability assessment of natural gas transmission pipeline systems," Energy, Elsevier, vol. 162(C), pages 853-870.
    3. Wang, Delu & Mao, Jinqi & Shi, Xunpeng & Li, Chunxiao & Chen, Fan, 2024. "A planning model for coal power exit scales based on minimizing idle and shortage losses: A case study of China," Energy Economics, Elsevier, vol. 138(C).

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    More about this item

    Keywords

    Computable general equilibrium; Electricity; Load duration curve;
    All these keywords.

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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