Capros P., P. Karadeloglou and G.N. Mentzas (1990) "New Developments for the MIDAS medium-term energy modelling project of the EEC: The energy supply model and the supply demand pricing linkage"
Paper presented at the 12th Triennial Conference on Operations Research IFORS' 90, 25-29 June, Athens.
The MIDAS project aims at building a large-scale system of interrelated country-specific energy models for medium-term energy planning. In the present paper we describe our work concerning the design, construction and testing of the energy supply model and the energy supply-demand-pricing linkage of MIDAS. MIDAS for one country is a simultaneous system of about 1400 equations, which is solved dynamically over a period of 10 years. MIDAS is a simulation model and it is used for scenario analysis. The model's database contains annual time series (generally for the 1960 to 1987 period) and most of its behavioural equations are econometrically estimated. The energy supply model of MIDAS combines econometrics with process analysis in formulating the energy supply behaviour. The model consists of five interconnected sub-models, namely electricity generation, petroleum refining, natural gas and synthetic gas production and distribution, coal mining and coke-oven plants. In the paper we report on a full-scale case study concerning the energy system of UK.
Paper available on request (hard copy only)
