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NERA Economic Consulting Introduces NewERA Economic Model
16 April 2012
New York -- NERA Economic Consulting has developed a new proprietary tool-the NewERA model-to assess the impact of policy, regulatory, and economic changes on the energy sectors and the economy. By combining a macroeconomic model incorporating all sectors of the economy with a detailed electric sector model, NewERA allows for a complete assessment not only of the effects of the changes on the sector directly, but also the indirect effects on the economy such as GDP and personal income growth as well as gains and losses of jobs.
"NERA has long been at the forefront of the continuing transformation of the energy industry around the world," said Senior Vice President Mike King, Chair of NERA's Global Energy, Environment, and Network Industries Practice. "The NewERA model is the latest advance and represents a significant expansion of NERA's capabilities as we help companies manage unprecedented change and uncertainty in the energy sectors related to factors such as technology improvement and environmental regulation."
Applying the expertise of leading economic modelers and NERA's extensive energy industry experience, the model allows for full evaluation of how new and potential future policy, technology, and other changes will influence the energy sectors, assessment of the economic consequences may have on the economy's non-energy sectors, and a complete understanding of the economic impacts of different policies and regulations on all sectors of the economy. The NewERA model's integrated approach gives NERA's experts the capability to evaluate the economic impacts of a range of current and proposed policies, including renewable portfolio and clean energy standards, emission taxes, cap-and-trade policies, command and control environmental standards, efficiency standards, financial incentives, and transportation fuel policies.
For more information about the NewERA model, please visit: http://www.nera.com/practice-areas/energy/newera-model.html
About NERA
NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For more than six decades, we have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world’s leading law firms and corporations. We bring academic rigor, objectivity, and real-world industry experience to issues arising from competition, regulation, public policy, strategy, finance, and litigation.
NERA’s clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world’s largest economic consultancies. Continuing our legacy as the first international economic consultancy, NERA serves clients from major cities across North America, Europe, and Asia Pacific.