WorkingPaperSeriesCongressionalBudgetOfficeWashington,D.C.HowCBOUsestheReEDSModeltoAnalyzePoliciesintheElectricPowerSectorDavidAdlerCongressionalBudgetOfficedavid.adler@cbo.govWorkingPaper2024-02May2024ToenhancethetransparencyoftheworkoftheCongressionalBudgetOfficeandtoencourageexternalreviewofthatwork,CBO’sworkingpaperseriesincludespapersthatprovidetechnicaldescriptionsofofficialCBOanalysesaswellaspapersthatrepresentindependentresearchbyCBOanalysts.Papersinthisseriesareavailableathttp://go.usa.gov/xUzd7.ThispaperbenefitedfromtheguidanceofNicholasChase,TerryDinan(formerlyofCBO),andJosephKile.DorianCarloni,AustinCastellanos,AnnFutrell,RonGecan,AaronKrupkin,JohnMcClelland,NathanMusick,JosephRosenberg,andMollySherlockofferedcomments.JohnBistlineoftheElectricPowerResearchInstituteandWesleyColeoftheNationalRenewableEnergyLaboratorycommentedonanearlierdraft.JeffreyKlingandPhillipL.Swagelreviewedthedocument,andLorettaLettner(formerlyofCBO)editedit.AbstractInthisworkingpaper,theCongressionalBudgetOfficeprovidesanoverviewofCBO-ReEDS,anadaptedversionoftheNationalRenewableEnergyLaboratory’sRegionalEnergyDeploymentSystem(NREL’sReEDS)modelforanalyzingpoliciesintheelectricpowersector.ThepaperdiscussesthestrengthsandlimitationsofthemodelandhowCBOmodifiesittoalignwiththeagency’sassessmentofelectricitydemand,fuelprices,an...
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