Energy System Optimization Model

Energy system optimization model (ESO) can help comprehensively examine energy systems and guide their strategic developments and policy making. The integration of CGE with optimization models represents an innovation for incorporating specific socio-economic sectors within an energy system framework. ESO can be used for concretely analyzing the benefits of various policy scenarios to socio-economic systems, and thus generating desired energy management plans that reflect trade-offs among various energy and socio-economic criteria. The model can report results for up to 30 years.

Zhou, X., Huang, G., Zhu, H., Chen, J., & Xu, J. (2015). Chance-constrained two-stage fractional optimization for planning regional energy systems in British Columbia, Canada. Applied energy, 154, 663-677. https://www.sciencedirect.com/science/article/pii/S0306261915006236

energy systems planning, capacity expansion, policy simulation

Government, energy industries

basic energy structure, future prices and demands, input-output tables, social accounting matrices, environmental data, capacity factors, emission rates, mitigation efficiencies, and technical parameters

energy utilization plans, electricity capacity expansion levels, energy system costs, industrial outputs, emission reduction levels, GDP impacts, and scenario analyses