Technological change in energy - PROMETHEUS: Difference between revisions
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{{ModelDocumentationTemplate | The substitution between different fuels/technological options and technological change in PROMETHEUS is modelled through a mechanism that is similar for both final energy demand and energy supply (power generation and hydrogen production). Central to this mechanism is the notion of the “gap”, which is defined in terms of the difference between energy demand and the amount of energy that can be satisfied using existing equipment from the previous year, which is not scrapped. The overall scrapping rate of each technology includes normal scrapping, due to plants reaching the end of their lifetimes, and premature scrapping, due to changes in variable and fuel costs which render the continuation of the plant's operation economically unsustainable. The inclusion of the latter form of scrapping is important in order to enable the modelling of rapid technical transformation in case of strong climate action or rapidly increasing fossil fuel prices, as the renewal of equipment stock accelerates. {{ModelDocumentationTemplate | ||
|IsDocumentationOf=PROMETHEUS | |IsDocumentationOf=PROMETHEUS | ||
|DocumentationCategory=Technological change in energy | |DocumentationCategory=Technological change in energy | ||
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Revision as of 15:40, 9 September 2020
The substitution between different fuels/technological options and technological change in PROMETHEUS is modelled through a mechanism that is similar for both final energy demand and energy supply (power generation and hydrogen production). Central to this mechanism is the notion of the “gap”, which is defined in terms of the difference between energy demand and the amount of energy that can be satisfied using existing equipment from the previous year, which is not scrapped. The overall scrapping rate of each technology includes normal scrapping, due to plants reaching the end of their lifetimes, and premature scrapping, due to changes in variable and fuel costs which render the continuation of the plant's operation economically unsustainable. The inclusion of the latter form of scrapping is important in order to enable the modelling of rapid technical transformation in case of strong climate action or rapidly increasing fossil fuel prices, as the renewal of equipment stock accelerates.
Note: The documentation of PROMETHEUS is 'under review' and is not yet 'published'!| Corresponding documentation | |
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| Previous versions | |
| No previous version available | |
| Model information | |
| Model link | |
| Institution | E3Modelling (E3M), Greece, https://e3modelling.com/modelling-tools. |
| Solution concept | Partial equilibrium (price elastic demand) |
| Solution method | Simulation |
| Anticipation | Energy system simulation.Foresight is included only is some sub-modules (i.e. electricity generation) |