In this paper, we present a novel approach of linking the technical model of the continental European electricity system ATLANTIS
with the macroeconomic model DYNK to provide comprehensive integrated power and socio-economic analyses. We thoroughly describe
both models and explain the work that has been done to interlink the models. Further, we take Austria's generation expansion
plans to transform the electricity sector to 100 percent renewable energy sources (national balance) by 2030 and analyse the
effects of different CO2 prices on the electricity demand that couples the two models via a feedback loop. As the
electricity price and demand are interlaced and influence each other, the linked models are solved iteratively until convergence,
i.e., until the change of the electricity demand from the DYNK model does not affect the electricity price in the ATLANTIS
model anymore. The results show that coupling a technical and macroeconomic model is possible and convergence is achieved
after just a few iterations.
Keywords:Renewable energy, Macroeconomic modelling, Electricity economics, DC-OPF, Model linkage, Austria
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie – Klima-, Umwelt- und Ressourcenökonomie