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U.S. Department of Energy
Office of Scientific and Technical Information

Energy policy and forecasting: economic, financial, and technological dimensions

Book ·
OSTI ID:6433105
Most recent books on energy either contain detailed treatises on specific energy technologies or present somewhat simplified discussions of the energy-policy alternatives available. As such, they are not especially helpful to economists and business analysts who are engaged in or would like to be engaged in energy-policy analysis and forecasting. This book is addressed specifically to economists and business analysts and should be useful to them in a number of respects: (1) it provides an introduction to the technological characteristics of energy demand and supply; (2) it contains a synopsis of the key elements of US energy legislation; and (3) it describes econometric, deterministic, and financial methods that can be used to identify trends in energy demand, supply, and price and to predict the probable impact of energy legislation on such trends. Although introductory in nature, the book reviews complex contemporary energy issues and problems. For example, the chapter on regulated rate making describes the Public Utilities Regulatory Policy Act of 1978 and explains such electrc-rate design initiatives as time-of-day rates, marginal-cost pricing, interruptible industrial rates, and lifeline rates. The methods and models discussed in this book include approaches developed by the author and models formulated at the Energy Information Administration, the National Energy Laboratories, the MIT Energy Laboratory, and various academic institutions. In this context, a number of highly publicized state-of-the-art models (for example, the Mid-Range Energy Forecasting System) are described and critiqued.
OSTI ID:
6433105
Country of Publication:
United States
Language:
English