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Including system integration of variable renewable energies in a constant elasticity of substitution framework: The case of the WITCH model

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  • Carrara, Samuel
  • Marangoni, Giacomo

Abstract

The penetration of variable renewable energies (VREs) in the electricity mix poses serious challenges in terms of management of the electrical grids, as the associated variability is in contrast with the requirement that the load be instantaneously equalized by the generation. One of the goals of Integrated Assessment Models (IAMs) is to simulate the evolution of electricity demand and generation mix over time, therefore a proper modeling of VRE system integration is crucial.

Suggested Citation

  • Carrara, Samuel & Marangoni, Giacomo, 2017. "Including system integration of variable renewable energies in a constant elasticity of substitution framework: The case of the WITCH model," Energy Economics, Elsevier, vol. 64(C), pages 612-626.
    • Handle: RePEc:eee:eneeco:v:64:y:2017:i:c:p:612-626
    DOI: 10.1016/j.eneco.2016.08.017
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    21. Abdulla Kaya & Denes Csala & Sgouris Sgouridis, 2017. "Constant elasticity of substitution functions for energy modeling in general equilibrium integrated assessment models: a critical review and recommendations," Climatic Change, Springer, vol. 145(1), pages 27-40, November.
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    More about this item

    Keywords

    Variable renewable energies; System integration; Electrical grid; Constant elasticity of substitution; Integrated assessment models;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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