NERA Economic Consulting

Energy

NewERA Model

NewERA Model

NERA's proprietary NewERA model allows us to provide invaluable help to companies managing unprecedented change and uncertainty in the energy sectors related to factors such as technology improvement and environmental regulation.
 
The NewERA model is a unique tool for effectively measuring the macroeconomic and detailed sectoral impacts of changes affecting the energy sectors. Its macroeconomic outputs include forecasts of prices of energy commodities, demand and supply of all goods and services, changes in imports and exports, gross domestic product, gross regional product, consumption, investment, disposable income, and changes in employment statistics. Detailed electric sector outputs include new builds, retrofits and dispatch decisions for generating units.

Applying the expertise of leading economic modelers and the extensive energy industry experience of NERA Economic Consulting, the model allows for:

  • Full evaluation of how new and potential future policy, technology, and other changes will interact with each other and influence the key market drivers for the energy sectors;
  • Assessment of the economic consequences these changes may have on the non-energy sectors of the economy, for which energy usage and costs are important factors;
  • A complete understanding of the economic impacts of different policies and regulations on all sectors of the economy, through a unique combination of a macroeconomic model incorporating all sectors of the economy (except for the electric sector) with a detailed electric sector model; and
  • The global form of the NewERA model accounts for changes in terms of trade of world regions and spillover effects of one region's policy on other regions.
  • The NewERA model's integrated approach gives NERA's experts the capability to evaluate the full economic impacts of a range of current and proposed market-based and command-and-control policies, such as:
  • Renewable portfolio standards (local, regional, national, or supranational);
  • Clean energy standards;
  • Transportation fuel policies (e.g., renewable fuel standards, low carbon fuel standards, automobile fuel efficiency);
  • Emission taxes;
  • Emission cap-and-trade policies;
  • Efficiency standards in electric and non-electric sectors (e.g., heat rate standards for units, emissions intensity standards for refineries);
  • Mandated construction of new builds or retrofits (or requirements to retrofit or retire); and
  • Financial incentives (for renewables or electric vehicles, for example).
Name Title Location Phone Email
Dr. W. David Montgomery Senior Vice President Washington, DC +1 202 466 9294 w.david.montgomery@nera.com
Dr. Anne E. Smith Senior Vice President
Co-Chair, Environment Practice
Washington, DC +1 202 466 9229 anne.smith@nera.com
Scott J. Bloomberg Vice President Washington, DC +1 202 466 9234 scott.bloomberg@nera.com
Dr. Sugandha D. Tuladhar Vice President Washington, DC +1 202 466 9206 sugandha.tuladhar@nera.com
Dr. Mei Yuan Senior Consultant Washington, DC +1 202 466 9210 mei.yuan@nera.com
Title Type Author
Economic Benefits of Lifting the Crude Oil Export Ban Report By Robert Baron, Dr. Paul Bernstein, Dr. W. David Montgomery, Reshma Patel, Dr. Sugandha D. Tuladhar, and Dr. Mei Yuan
Socio-Economic Impact Analysis of Alaska LNG Project Report Dr. W. David Montgomery, Robert Baron, Dr. Paul Bernstein, Dr. David Harrison, Sebastian Mankowski, Meredith McPhail, Dr. Sugandha Tuladhar, Shirley Xiong, and Dr. Mei Yuan
Macroeconomic Impacts of LNG Exports from the United States Working Paper By Dr. W. David Montgomery and Dr. Sugandha Tuladhar
Economic Outcomes of a US Carbon Tax Report By Dr. Anne E. Smith, Dr. David Harrison, Dr. W. David Montgomery, Dr. Paul Bernstein, Scott Bloomberg, Dr. Sugandha Tuladhar, Dr. Mei Yuan, Dr. Noah Kaufman, and Sebastian Mankowski
Impacts of Renewable Energy Subsidies/Incentives on Costs of Achieving Renewables Goa... Working Paper By Scott Bloomberg, Dr. Paul Bernstein, Dr. Sugandha D. Tuladhar, and Mike King et al.
Economic Implications of Recent and Anticipated EPA Regulations Affecting the Electri... Report By Dr. David Harrison, Dr. Anne E. Smith, Scott Bloomberg, Andrew Foss, Andrew Locke, Sebastian Mankowski, Meredith McPhail, Reshma Patel, and Dr. Sugandha Tuladhar
Analyzing the Changing US Carbon Policy Landscape Working Paper By Dr. Sugandha D. Tuladhar, Sebastian Mankowski, and Scott Bloomberg
An Economic Impact Analysis of EPA’s Mercury and Air Toxics Standards Rule Working Paper By Dr. Anne E. Smith, Dr. Paul Bernstein, Scott Bloomberg, Sebastian Mankowski, and Dr. Sugandha Tuladhar