Update on EPRI's Regional Energy-Economic Model
EPRI is developing a model that will more accurately assess the impact of new climate policies on the electric power sector, the energy system, and the economy.  Work on the U.S. Regional Economy, GHG, & Energy Model (US-REGEN) began in early 2009 and is planned for completion in 2010.  The model is intended to help member companies with investment decisions in a carbon constrained world.  The project

• has established a model design with a 12-region aggregation of the U.S. economy,
• has developed a working version of a partial equilibrium electricity market model,
• has developed a pilot land-use model to explore relationships between the agriculture and forestry sectors and the demand for bio-energy, and
• is developing a dynamic version of the electricity model, including the ability to trade electricity across regions.

Completion of US-REGEN, model testing, and priority analyses is scheduled for 2010.  For more information, contact Francisco de la Chesnaye, (202) 293-6347, fdelachesnaye@epri.com.