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GTAP Resource #4891

"GTAP-E-Power: An electricity-detailed extension of the GTAP-E model"
by Peters, Jeffrey C.

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.

Resource Details (Export Citation) GTAP Keywords
Category: 2016 Conference Paper
Status: Published
By/In: Presented at the 19th Annual Conference on Global Economic Analysis, Washington DC, USA
Date: 2016
Created: Peters, J. (4/1/2016)
Updated: Peters, J. (8/5/2016)
Visits: 4,450
- Software and modeling tools
- Climate change policy
- The GTAP Data Base and extensions

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