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How CBO Uses the ReEDS Model to Analyze Policies in the Electric Power Sector: Working Paper 2024-02

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  • David Adler

Abstract

In this working paper, the Congressional Budget Office provides an overview of CBO-ReEDS, an adapted version of the National Renewable Energy Laboratory’s Regional Energy Deployment System (NREL’s ReEDS) model for analyzing policies in the electric power sector. The paper discusses the strengths and limitations of the model and how CBO modifies it to align with the agency’s assessment of electricity demand, fuel prices, and technology costs. Finally, the paper provides projections of the effects of the 2022 reconciliation act (Public Law 117-169) on emissions of carbon

Suggested Citation

  • David Adler, 2024. "How CBO Uses the ReEDS Model to Analyze Policies in the Electric Power Sector: Working Paper 2024-02," Working Papers 59880, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:59880
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    File URL: https://www.cbo.gov/system/files/2024-05/59880-ReEDS-Working-Paper.pdf
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    More about this item

    JEL classification:

    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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