Review of large-scale energy models
This report is a critical review of selected energy-economic models: energy-oriented macroeconomic growth models, interindustry models, energy-sector models, and models of individual energy industries. Over a dozen major models receive attention. Macroeconomic models reviewed include the Wharton Annual Energy Model, the Long-Term Interindustrry Transactions Model (LITM), the ETA-MACRO model of Alan Manne, and the PILOT Economic Energy Model. Interindustry models, in addition to Wharton and LITM, include the Brookhaven-Illinois, Just, and Carter models. Energy-sector models reviewed include the Brookhaven optimizing models, BESOM and DESOM; the Energy Technology Assessment (ETA) model; the Bulldog model; the integrating model of the Project Independence Evaluation System (PIES); and the SRI-Gulf model. The principal industry models reviewed are the MacAvoy--Pindyck model of Natural Gas and the Baughman--Joskow Electric Power model. The report compares the models' effectiveness in capturing pertinent structural features of the energy economy, their empirical quality, and their suitability for planning, technology assessment, and policy analysis. The report comments on factors affecting model choice, regionalization of economywide models, linked systems of separately developed models, documentation and independent performance testing, data development, quality control, and model maintenance.
- Research Organization:
- Charles River Associates, Boston, MA (USA)
- OSTI ID:
- 6470731
- Report Number(s):
- EPRI-EA-968
- Country of Publication:
- United States
- Language:
- English
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290100* -- Energy Planning & Policy-- Energy Analysis & Modeling
290200 -- Energy Planning & Policy-- Economics & Sociology
CONTROL
DATA ANALYSIS
DOCUMENT TYPES
DOCUMENTATION
ECONOMETRICS
ECONOMIC GROWTH
ECONOMICS
ELECTRIC POWER
ENERGY MODELS
ENERGY POLICY
EVALUATION
GOVERNMENT POLICIES
INDUSTRY
NATURAL GAS INDUSTRY
PERFORMANCE
POWER
PROJECT INDEPENDENCE
QUALITY CONTROL
REVIEWS
SIMULATION
TECHNOLOGY ASSESSMENT
USES