Disaggregating Electricity Generation Technologies in CGE Models

Vipin Arora () and Yiyong Cai

CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University

Abstract: We illustrate the importance of disaggregating electricity generation when considering responses to environmental policies. We begin by reviewing various approaches to electric sector modelling in Computable General Equilibrium (CGE) models, and then clarify and expand upon the structure and calibration of the “technology bundle” approach. We also simulate the proposed U.S. Clear Power Plan and show how a disaggregate electricity sector can change results. Our simulations indicate that both the ability to switch between generation technologies and the manner of aggregation in electricity production are important for quantifying the economic costs of the plan.

Pages: 29 pages
Date: 2014-07
New Economics Papers: this item is included in nep-cmp and nep-ene
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Disaggregating electricity generation technologies in CGE models: A revised technology bundle approach with an application to the U.S. Clean Power Plan (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:een:camaaa:2014-54

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