Electricity - EPPA: Difference between revisions
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Electricity in EPPA comes from: 1) coal; 2) gas; 3) oil; 4) nuclear; 5) hydro; 6) wind; 7) solar; and 8) biomass. The energy conversion process of each type of generation is represented by a production technology that transforms the corresponding energy input along with other primary or intermediate inputs into the electricity output. Some low-carbon or negative emissions generation options (e.g., gas with CCS, biomass with CCS. etc.) are not economically feasible without serious policy interventions, and therefore they are calibrated by using the engineering data (e.g., EIA | Electricity in EPPA comes from: 1) coal; 2) gas; 3) oil; 4) nuclear; 5) hydro; 6) wind; 7) solar; and 8) biomass. The energy conversion process of each type of generation is represented by a production technology that transforms the corresponding energy input along with other primary or intermediate inputs into the electricity output. Some low-carbon or negative emissions generation options (e.g., gas with CCS, biomass with CCS. etc.) are not economically feasible without serious policy interventions, and therefore they are calibrated by using the engineering data (e.g., various years of EIA data) as they have not been commercially operated currently and are not observed in the base year input-output data. Besides the economic data, the physical flows of energy are also tracked to ensure that the thermal efficiency (if applicable) of the conversion is valid under the consideration of endogenous or exogenous energy efficiency improvements. | ||
Revision as of 23:00, 22 August 2022
Note: The documentation of EPPA is 'in preparation' and is not yet 'published'!| Corresponding documentation | |
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| Previous versions | |
| No previous version available | |
| Model information | |
| Model link | |
| Institution | Massachusetts Institute of Technology (MIT), USA, https://globalchange.mit.edu/. |
| Solution concept | General equilibrium (closed economy) |
| Solution method | Optimization |
| Anticipation | |
Electricity in EPPA comes from: 1) coal; 2) gas; 3) oil; 4) nuclear; 5) hydro; 6) wind; 7) solar; and 8) biomass. The energy conversion process of each type of generation is represented by a production technology that transforms the corresponding energy input along with other primary or intermediate inputs into the electricity output. Some low-carbon or negative emissions generation options (e.g., gas with CCS, biomass with CCS. etc.) are not economically feasible without serious policy interventions, and therefore they are calibrated by using the engineering data (e.g., various years of EIA data) as they have not been commercially operated currently and are not observed in the base year input-output data. Besides the economic data, the physical flows of energy are also tracked to ensure that the thermal efficiency (if applicable) of the conversion is valid under the consideration of endogenous or exogenous energy efficiency improvements.