Implementing a load duration curve of electricity demand in a general equilibrium model

Top-down computable general equilibrium models of energy–economy interactions have a limited representation of the electricity sector, typically using constant elasticities of substitution between generation types. Detailed bottom-up electricity models generally have embedded load duration curves with the electricity price determined by the marginal cost of generation. This study incorporates a simple representation of electricity generation with these bottom-up features directly into the GTAP general equilibrium model.