What type of analysis does EPRI perform on electricity market trends?

EPRI conducts economic modeling and analysis to understand the dynamics of electricity market trends. This involves assessing how various factors, such as policy changes, technological advancements, and market structures, influence electricity pricing, supply, and demand. Economic modeling provides a framework for predicting future market behavior based on current data and historical trends, allowing stakeholders to make informed decisions regarding investments, resource allocation, and regulatory compliance.

Economic modeling is particularly useful for evaluating the potential impact of new energy technologies and integrating renewable energy sources into the market. It helps identify cost-effective strategies for energy production and distribution, enhancing the overall efficiency and reliability of the power system.

While risk assessment and modeling, impact evaluation studies, and market simulation techniques are important components of electricity market analysis, the focus on economic modeling aligns closely with EPRI's objective to provide a comprehensive understanding of market trends and their implications for the electricity sector.