Assumptions for the Annual Energy Outlook 1993
This report is an auxiliary document to the Annual Energy Outlook 1993 (AEO) (DOE/EIA-0383(93)). It presents a detailed discussion of the assumptions underlying the forecasts in the AEO. The energy modeling system is an economic equilibrium system, with component demand modules representing end-use energy consumption by major end-use sector. Another set of modules represents petroleum, natural gas, coal, and electricity supply patterns and pricing. A separate module generates annual forecasts of important macroeconomic and industrial output variables. Interactions among these components of energy markets generate projections of prices and quantities for which energy supply equals energy demand. This equilibrium modeling system is referred to as the Intermediate Future Forecasting System (IFFS). The supply models in IFFS for oil, coal, natural gas, and electricity determine supply and price for each fuel depending upon consumption levels, while the demand models determine consumption depending upon end-use price. IFFS solves for market equilibrium for each fuel by balancing supply and demand to produce an energy balance in each forecast year.
- Research Organization:
- USDOE Energy Information Administration, Washington, DC (United States). Office of Integrated Analysis and Forecasting
- Sponsoring Organization:
- USDOE, Washington, DC (United States)
- OSTI ID:
- 10120650
- Report Number(s):
- DOE/EIA--0527(93); ON: DE93006304
- Country of Publication:
- United States
- Language:
- English
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