Electricity - IMAGE: Difference between revisions
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Two key elements of the electric power generation are the investment strategy and the operational strategy in the sector. A challenge in simulating electricity production in an aggregated model is that in reality electricity production depends on a range of complex factors, related to costs, reliance, and the time required to switch on technologies. Modelling these factors requires a high level of detail and thus IAMs such as TIMER concentrate on introducing a set of simplified, meta relationships [[CiteRef::IMG_Hoogwijk_2004]][[CiteRef::IMG_vanVuuren_2007a]]. | |||
Revision as of 08:40, 30 August 2016
| Corresponding documentation | |
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| Previous versions | |
| Model information | |
| Model link | |
| Institution | PBL Netherlands Environmental Assessment Agency (PBL), Netherlands, https://www.pbl.nl/en. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | Simulation |
| Anticipation | Simulation modelling framework, without foresight. However, a simplified version of the energy/climate part of the model (called FAIR) can be run prior to running the framework to obtain data for climate policy simulations. |
Two key elements of the electric power generation are the investment strategy and the operational strategy in the sector. A challenge in simulating electricity production in an aggregated model is that in reality electricity production depends on a range of complex factors, related to costs, reliance, and the time required to switch on technologies. Modelling these factors requires a high level of detail and thus IAMs such as TIMER concentrate on introducing a set of simplified, meta relationships IMG_Hoogwijk_2004IMG_vanVuuren_2007a.