Energy demand - POLES
|Institution||JRC - Joint Research Centre - European Commission (EC-JRC), Belgium, http://ec.europa.eu/jrc/en/poles.|
|Solution concept||Partial equilibrium (price elastic demand)|
|Solution method||SimulationRecursive simulation|
Energy demand from the various end-uses (industry, buildings, transport, agriculture) is aggregated into totals that have to be supplied by the energy transformation module.
The following energy vectors are modelled:
- biofuels (solid: traditional, modern; transport: liquid biofuels: transport)
- marketed heat
Total demand of energy depends on the relevant activity variable (surfaces, mobility needs, value added) and sectoral energy prices. Competition across fuels takes place based on costs for the user (also considering the lifetime of existing equipment); it is calibrated on historical data on prices and market shares. Additional trends are used to model non-cost drivers (autonomous technological trends or non-price policies such as efficiency standards).