Electricity - IMAGE

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Model Documentation - IMAGE

Corresponding documentation
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.