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

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  • Peters, Jeffrey C.

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.

Suggested Citation

  • Peters, Jeffrey C., 2016. "GTAP-E-Power: An electricity-detailed extension of the GTAP-E model," Conference papers 332679, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:332679
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