Energy System and Electricity Sector Modeling
Models that capture interactions across the energy-economy-environment system can be used to better inform and guide policy decisions. In order to be used most effectively, however, such a model should consider all three aspects of the system in sufficient detail and be able to take full advantage of the linkages between them. We aim to start with the World Gas Trade Model (developed by economists at Rice University’s Baker Institute of Public Policy) and extend the economic capabilities of the model by allowing consideration of climate impacts. The extended model can then be used to run various scenario analyses and analyze the effects of implementing economic or environmental policies.
In another project, we are looking at ways to ease load on the Texas electricity market. Both demand and supply side approaches are being considered. For example, one approach is to consider the feasibility of various policies that can make the best use of demand response measures, while also taking advantages of any increases in energy efficiency. Additionally, in collaboration with the National Renewable Energy Laboratory (NREL), we are starting to investigate challenges on the supply side of bringing online new renewable power (wind, solar, geothermal, etc.); specifically we will focus on integrating these intermittent sources into the grid while ensuring reliability.