Industrial sector - GEM-E3
|Model Documentation - GEM-E3|
|Institution||Institute of Communication And Computer Systems (ICCS), Greece, .|
|Solution concept||General equilibrium|
|Solution method||The model is formulated as a simultaneous system of equations with an equal number of variables. The system is solved for each year following a time-forward path. The model uses the GAMS software and is written as a mixed non-linear complementarity problem solved by using the PATH algorithm using the standard solver options.|
Industrial sectors demand for energy inputs in their production i.e. electricity, coal, oil, gas. These inputs are provided by the power generation sectors (conventional and RES) and the coal, oil and gas manufacturing and distribution sectors.