|
Press Releases |
|
|
|
10/1/2002 Press Release |
|
|
|
10/1/2002
Independent Review Recommends ADICA'S ENPEP software as the Tool of Choice for Energy Planning
Independent Review Recommends ADICA’s ENPEP software as Tool of Choice for Energy Planning
Noting the need to analyze policy issues dominated by market reform, sustainable development, and global climate change, the European Union contracted a review of energy planning and analysis software utilized in Mediterranean countries. The review identified and assessed the primary models being used in Algeria, Cyprus, Egypt, Israel, Jordan, Lebanon, Malta, Morocco, The Palestinian Authority, Syria, Tunisia, and Turkey; and recommended Adica’s ENPEP as the tool of choice for energy planning in the region.
In recommending ENPEP as tool of choice, the review noted the following advantages of the model:
1. The energy network representation, in ENPEP, creates a full understanding of the entire energy system which makes it easy to manipulate the scenario analysis, to add on more details of the energy technologies, or to modify the existing case for the future study.
2. The market-sharing algorithm technique, in ENPEP, allows for the simulation of market operation with multiple decision-makers. It offers an advantage over least-cost optimisation approaches that are suitable for simulating a single decision maker.
3. ENPEP allows not only price, but also non-price factors, such as convenience of use, technology related factors and government policies, to determine resource consumption in the economy. Therefore, energy requirements may be met by selecting fuels from several supply sources simultaneously rather than from a single source, as would be the case if fuel choice were based strictly on least cost. ENPEP thus has advantage over a linear optimisation approach by recognising that the “least cost” source of energy does not, in general, capture the entire market shares.
About ADICA
ADICA Consulting combines industry knowledge, distinguished professionals, and cutting-edge strategic analysis software to provide consulting services to Government Agencies and Energy Companies worldwide. Headquartered in Oak Brook, Illinois, ADICA provides Robust, Accurate, and Relevant insights with advanced analytics created by Argonne National Laboratory.
| For more information, please contact: |
 |
Bruce Hamilton, President
Phone: +1 (630) 571-2480
Fax: +1 (630) 571-2481
Email:
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Web: www.adica.com |
|
|
© 2008 ADICA® Consulting, LLC., All Rights Reserved.
|
