Custom Solutions

Econometric model

Mid-term energy demand forecasting


Econometric model

The objective of the econometric model is to forecast country-level consumption of energy commodities by sector and associated emissions under different energy and climate policy frameworks. Projections are based on econometric modelling mainly linked to economic growth and energy / carbon prices.




Key Features

  • Econometric approach
  • Disaggregation level by main sector: industry, residential, services and transport; possibility to consider some key sub-sectors
  • Sectoral energy demand is driven by three factors: prices, economic activity and energy efficiency trends
  • Inter-fuel competition based on costs and policies
  • Simplicity of use: models are calibrated by Enerdata experts for specific energy types, sectors and geographical zones
  • Relatively simple data needs: based on historical data series, extracted from our in-house global energy database