The National Energy Modeling System (NEMS) is an economic and energy model of United States energy markets created at the U.S. Energy Information Administration (EIA). NEMS projects the production, consumption, conversion, import, export, and pricing of energy. The model relies on assumptions for economic variables, including world energy market interactions, resource availability (which influences costs), technological choice and characteristics, and demographics. [1] [2]
The primary use for NEMS is to produce the Annual Energy Outlook , published on the EIA website in the early months of each year. [3] NEMS is maintained by the EIA Office of Energy Analysis and was first used for AEO projections in 1994. [1]
NEMS is also used for special requests related to scenario analysis, primarily from the U.S. Congress. Subjects such as the economic and environmental impacts of energy-related policy or structure changes are most frequently studied using NEMS. [2]
The model contains several modules that interact as part of the equilibrium calculations for long-term projections. These modules are as follows:
Each of these NEMS modules is maintained annually, with changes to data and methodology described in periodic updates to module-specific documentation reports. [4]
NEMS accounts for a variety of energy sources used for fuel purposes (heat and power) and feedstock purposes. The primary energy sources and carriers reported in NEMS include crude oil and lease condensate, natural gas plant liquids, dry natural gas, coal, nuclear/uranium, conventional hydroelectric power, biomass, other renewable energy, and other (not otherwise specified) primary energy. The end-use consumption energy carriers and feedstocks reported by NEMS include, among others, electricity, natural gas, coal, gasoline, distillate oil (diesel), residual oil, propane, kerosene, liquefied refinery gases, jet fuel, renewables (primarily biomass and wind), and petrochemical feedstocks. [5]
Each of the modules in NEMS may employ its own unique sub-national regional structure. Projections from NEMS are provided at the national level; however, regional results are generally available consistent with the modules' regional definitions. For example, energy consumption by fuel and sector is reported for the nine Census Divisions, the geographic definition used by the four end-use energy demand modules. [5]
EIA provides access to NEMS to outside users through its model archival program. An archive includes the model source code and input data used to derive a given projection case, such as the "reference case." The stated archive purpose "is to demonstrate that the published results from the AEO reference case can be replicated with the model and to disclose the source code and inputs used." The model is not widely used outside of EIA, as deploying the model requires additional commercial software, such as compilers and optimization modeling packages, in addition to the model source code and data. [6]
The U.S. Energy Information Administration (EIA) is a principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment. EIA programs cover data on coal, petroleum, natural gas, electric, renewable and nuclear energy. EIA is part of the U.S. Department of Energy.
Synthetic fuel or synfuel is a liquid fuel, or sometimes gaseous fuel, obtained from syngas, a mixture of carbon monoxide and hydrogen, in which the syngas was derived from gasification of solid feedstocks such as coal or biomass or by reforming of natural gas.
The energy policy of the United States is determined by federal, state, and local entities in the United States, which address issues of energy production, distribution, and consumption, such as building codes and gas mileage standards. Energy policy may include legislation, international treaties, subsidies and incentives to investment, guidelines for energy conservation, taxation and other public policy techniques.
Taiwan relies on imports for almost 98% of its energy in 2016, which leaves the island's energy supply vulnerable to external disruption. In order to reduce this dependence, the Ministry of Economic Affairs' Bureau of Energy has been actively promoting energy research at several universities since the 1990s.
The United States produces mainly biodiesel and ethanol fuel, which uses corn as the main feedstock. The US is the world's largest producer of ethanol, having produced nearly 16 billion gallons in 2017 alone. The United States, together with Brazil accounted for 85 percent of all ethanol production, with total world production of 27.05 billion gallons. Biodiesel is commercially available in most oilseed-producing states. As of 2005, it was somewhat more expensive than fossil diesel, though it is still commonly produced in relatively small quantities.
Renewable fuels are fuels produced from renewable resources. Examples include: biofuels and Hydrogen fuel. This is in contrast to non-renewable fuels such as natural gas, LPG (propane), petroleum and other fossil fuels and nuclear energy. Renewable fuels can include fuels that are synthesized from renewable energy sources, such as wind and solar. Renewable fuels have gained in popularity due to their sustainability, low contributions to the carbon cycle, and in some cases lower amounts of greenhouse gases. The geo-political ramifications of these fuels are also of interest, particularly to industrialized economies which desire independence from Middle Eastern oil.
Energy in the United States comes mostly from fossil fuels: in 2010, data showed that 25% of the nation's energy originates from petroleum, 22% from coal, and 22% from natural gas. Nuclear power supplied 8.4% and renewable energy supplied 8%, mainly from hydroelectric dams and biomass; however, this also includes other renewable sources like wind, geothermal, and solar. Data from 2019 shows that 37% of the nation's energy originates from petroleum, 32% from natural gas, 11% from coal, 11% from renewable energy, and 8% from nuclear power.
The energy policy of India is largely defined by the country's expanding energy deficit and increased focus on developing alternative sources of energy, particularly nuclear, solar and wind energy. India attained 63% overall energy self-sufficiency in 2017.
World energy consumption is the total energy produced and used by humans. Typically measured per year, it involves all energy harnessed from every energy source applied towards activity across all industrial and technological sectors, in every country. It does not include energy from food. World energy consumption has implications for the socio-economic-political sphere.
US energy independence is the idea of eliminating the need for the United States to import petroleum and other foreign sources of energy. Energy independence is espoused by those who want to leave the US unaffected by global energy supply disruptions, and to restrict reliance upon politically unstable states for its energy security. Energy independence is highly concerned with oil, the source of the country's principal transport fuels.
The energy policy of Australia is subject to the regulatory and fiscal influence of all three levels of government in Australia, although only the State and Federal levels determine policy for primary industries such as coal.
Fossil fuel phase-out is the gradual reduction of the use of fossil fuels to zero. It is part of the ongoing renewable energy transition. Current efforts in fossil fuel phase-out involve replacing fossil fuels with sustainable energy sources in sectors such as transport, and heating.
Renewable energy in Finland grew to 38.7% of total final energy consumption by year end 2014, achieving joint second position with Latvia in terms of renewable energy consumption by share amongst the EU-28 countries, behind its neighbour Sweden in first position on a 52.6% share. The 2014 share in Finland breaks down as renewable energy providing 52% of the heating and cooling sector, 31.4% of the electricity sector and 21.6% of the transport sector. By 2014 Finland had already exceeded its 2020 target for renewable energy use under the EU renewable energy directive as shown in the table of country targets.
Since 2013, total primary energy consumption in India has been the third highest in the world after China and the United States. India is the second top coal consumer in the year 2017 after China. India ranks third in oil consumption with 221 million tons in 2017 after the United States and China. India is net energy importer to meet nearly 45% of its total primary energy.
Energy in Germany is sourced predominantly by fossil fuels, followed by wind, nuclear power, solar, biomass and hydro.
Energy markets are commodity markets that deal specifically with the trade and supply of energy. Energy market may refer to an electricity market, but can also refer to other sources of energy. Typically energy development is the result of a government creating an energy policy that encourages the development of an energy industry in a competitive manner.
The energy mix is a group of different primary energy sources from which secondary energy for direct use - such as electricity - is produced. Energy mix refers to all direct uses of energy, such as transportation and housing, so it is not be confused with power generation mix, which refers only to generation of electricity.
Different methods of electricity generation can incur significantly different costs, and these costs can occur at significantly different times relative to when the power is used. Calculations of these costs can be made at the point of connection to a load or to the electricity grid, so that they may or may not include the transmission costs. The costs include the initial capital, and the costs of continuous operation, fuel, and maintenance as well as the costs of de-commissioning and remediating any environmental damage.
Worldwide energy supply is the global production and preparation of fuel, generation of electricity, and energy transport. Energy supply is a vast industry.
Denmark is a world-leading country in wind energy production and wind turbine production. The Danish wind company Vestas Wind Systems A/S has expanded from its domestic base and by 2015 had a revenue of €8.423 billion, with more than 18,000 employees globally and manufacturing plants in Denmark, Germany, India, Italy, Romania, the United Kingdom, Spain, Sweden, Norway, Australia, China, and the United States. Wind power alone produced 47% of Denmark's electricity consumption in 2017, and is expected to increase its production by nearly 80% in the years to 2024.