Which model features matter? An experimental approach to evaluate power market modeling choices

Comparison methods of energy system frameworks, models and scenario results

“…Moreover, the literature review has allowed for the identification and classification of the main 1 shows the main characteristics, differences and commonalities of the comparison techniques of energy system frameworks, models and scenario results. Keeping in mind the term model has been previously often and widely used in several meanings, the comparison of energy system frameworks corresponds to the formerly called intermodel comparison [22]. It is characterized by a pre-processing phase to harmonize the input data and the capabilities of the frameworks.…”

“…The comparison of energy system models is formerly known as intramodel comparison [22]. It consists in the comparison of different model configurations developed starting from a unique framework.…”

“…The input data should be harmonized among the different models. In general, referring to the terminology of [22] intra-model comparisons are more straightforward than inter-model comparisons of frameworks because the different models of a unique framework share the same input data format. Moreover, the comparison of energy system models, formerly known as intra-model comparison, is usually adopted to examine the impact of different resolution levels on the final results.…”

Endogenous Technological Change in Power Markets

“…Alternative strategies focus on accumulated knowledge through R&D activities, which is more common for dynamic computable general equilibrium (CGE) and some integrated assessment models(Gillingham et al, 2008, Barreto andKypreos, 2004). 2 SeeWeissbart and Blanford (2019) for the basics of the model,Mier et al ( , 2022,Siala et al (2022) for the underlying calibration, and Weissbart (2020),Mier and Weissbart (2020),Azarova and Mier (2021),Mier et al…”

Investment Cost Specifications Revisited

“… See Weissbart and Blanford (2019) for the underlying basics of the EUREGEN model and Weissbart (2020),Mier and Weissbart (2020),,Azarova and Mier (2021),,,,Siala et al (2022) for applications.…”