Independent assessment of energy policy models : two case studies

Prepared for the Electric Power Research Institute, Palo Alto, CA.Energy policy models are playing an increasingly important and visible role in supporting both private and public energy policy research and decision making. As importance has increased so too has the need for model review and assessment to assist in establishing model credibility for users and those affected by model-based policy research. Toward this end EPRI has sponsored the M.I.T. Energy Laboratory in a one-year project to assess two important energy system models, the Baughman-Joskow Regionalized Electricity Model and the Wharton Annual Energy Model, and to identify and analyze organizational and procedural issues in the model assessment process