U.S. Energy and Greenhouse Gas Model V2.0-2.X

The IJ.S. Energy and Greenhouse Gas Model (USEGM) is designed as a high-level dynamic simulation model to facilitate policy discussions on a real-time basis. The model focuses on U.S. energy demand by economic and electric power sectors through 2025, and is driven by gross domestic product (GOP), energy prices, energy intensities, and population effects. Price and GDP effects on energy demand are captured using a distributed lag model that allows demand to change over several years in response to price and GOP changes in a given year. Fuel allocation in the electricity sector is determined using a logistic formulation that takes into account relative electricity costs and existing capital allocation. Model outputs include energy demand by sector and type, carbon dioxide emissions, and oil import requirements.