Interfuel Substitution in OECD - European Electricity Production
نویسنده
چکیده
Fuel substitution in OECD-European electricity production is described by a putty-clay formulation. At the time of investment, fuel shares are determined according to a logit model. These fuel shares are maintained throughout the lifetime of the power plants. However, a significant share of capacity is assumed to be flexible. Short-term fuel switching is described by a logit model. An attempt has been made to formulate the model such that all parameters have a real life interpretation. This enables the use of a priori data about all parameters. The model gives a very good fit to historical time-series for oil, gas and coal demand when fuel premiums are calibrated. The most striking finding is that there is a strong preference for the use of coal. Because of the a priori data, the model is not very sample dependent. Thus, it should be well suited for policy studies or for predictions. The model should be used with caution if very high fuel prices are expected.
منابع مشابه
بررسی اثرات واقعی کردن قیمت حاملهای انرژی بر جانشینی درون عاملی و درون سوختی در ایران
Abstract One of the important issues related to the production and use of inputs, is the Study of the possibility of substitution between inputs. Substitution of energy with other inputs due to its special features such as, finitude, abundance and the accrue of subsidies to energy carriers in Iran, is important. The main purpose of the present paper, is the Study of the effects of Realizing ...
متن کاملInterfuel Substitution and Energy Use in the UK Manufacturing Sector
This paper investigates interfuel substitution in the UK manufacturing sector. Econometric models of inter-fuel substitution are applied to energy inputs aggregated by their energy use, and separately for thermal heating processes, where interfuel substitution is technologically feasible. Compared to aggregate data, estimated own-price fuel demand elasticities for all fuels and cross-price elas...
متن کاملSubstitute or complement? Assessing renewable and nonrenewable energy in OECD countries
Elasticity of interfuel substitution between renewable and non-renewable energy is a key to establish effective climate change policy.This is the first study estimating the elasticity of substitution between different fossil fuels and renewable resources. We use twelve manufacturing industry level data for the OECD countries over 1995 to 2009. We find complementally relationship from non-renewa...
متن کاملShort-Run Interfuel Substitution in West European Power Generation: A Restricted Cost Function Approach
This paper analyzes short-run interfuel substitution between fossil fuels in West European power generation. The problem is studied within a restricted translog cost model, which is estimated by pooling time-series data across eight countries in West Europe. The empirical results indicate that interfuel substitution in existing power plants is substantial, especially that between oil and gas. T...
متن کاملCO 2 emissions attributed to annual average electricity consumption in OECD ( the Organisation for Economic Co - operation and Development ) countries
When regulating GHG emissions at the country or product level, it is critical to determine the GHG emissions from electricity consumption. In this study, we calculated production-based and consumptionbased CO2 emission intensities of electricity for the OECD (the Organisation for Economic Co-operation and Development) countries during 1990e2008. We examined the impact of annual development, all...
متن کامل