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Title: Model documentation: Electricity market module, electricity finance and pricing submodule

Abstract

The purpose of this report is to define the objectives of the model, describe its basic approach, and provide detail on how it works. The EFP is a regulatory accounting model that projects electricity prices. The model first solves for revenue requirements by building up a rate base, calculating a return on rate base, and adding the allowed expenses. Average revenues (prices) are calculated based on assumptions regarding regulator lag and customer cost allocation methods. The model then solves for the internal cash flow and analyzes the need for external financing to meet necessary capital expenditures. Finally, the EFP builds up the financial statements. The EFP is used in conjunction with the National Energy Modeling System (NEMS). Inputs to the EFP include the forecast generating capacity expansion plans, operating costs, regulator environment, and financial data. The outputs include forecasts of income statements, balance sheets, revenue requirements, and electricity prices.

Publication Date:
Research Org.:
USDOE Energy Information Administration, Washington, DC (United States). Office of Integrated Analysis and Forecasting
Sponsoring Org.:
USDOE, Washington, DC (United States)
OSTI Identifier:
10140855
Report Number(s):
DOE/EIA-M068-C
ON: DE94009602; NC: NONE
Resource Type:
Technical Report
Resource Relation:
Other Information: PBD: 7 Apr 1994
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ELECTRIC POWER; COST; ECONOMICS; COMPUTER CODES; 290100; 296000; ENERGY ANALYSIS AND MODELING

Citation Formats

Not Available. Model documentation: Electricity market module, electricity finance and pricing submodule. United States: N. p., 1994. Web. doi:10.2172/10140855.
Not Available. Model documentation: Electricity market module, electricity finance and pricing submodule. United States. doi:10.2172/10140855.
Not Available. Thu . "Model documentation: Electricity market module, electricity finance and pricing submodule". United States. doi:10.2172/10140855. https://www.osti.gov/servlets/purl/10140855.
@article{osti_10140855,
title = {Model documentation: Electricity market module, electricity finance and pricing submodule},
author = {Not Available},
abstractNote = {The purpose of this report is to define the objectives of the model, describe its basic approach, and provide detail on how it works. The EFP is a regulatory accounting model that projects electricity prices. The model first solves for revenue requirements by building up a rate base, calculating a return on rate base, and adding the allowed expenses. Average revenues (prices) are calculated based on assumptions regarding regulator lag and customer cost allocation methods. The model then solves for the internal cash flow and analyzes the need for external financing to meet necessary capital expenditures. Finally, the EFP builds up the financial statements. The EFP is used in conjunction with the National Energy Modeling System (NEMS). Inputs to the EFP include the forecast generating capacity expansion plans, operating costs, regulator environment, and financial data. The outputs include forecasts of income statements, balance sheets, revenue requirements, and electricity prices.},
doi = {10.2172/10140855},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Thu Apr 07 00:00:00 EDT 1994},
month = {Thu Apr 07 00:00:00 EDT 1994}
}

Technical Report:

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