Our methods and models
At EEFA, we undertake pioneering work with our research. This stems not only from leveraging existing approaches but also from developing and refining our own models and methods, which we then apply to our projects. This innovative approach enhances both our analysis and the evaluation and processing of data.
The Electricity Demand Model
At EEFA, we have developed a sophisticated electricity model tailored for Germany. This model provides precise insights into electricity demand and identifies potential short- and medium-term drivers of electricity consumption.
Employing an econometric time series approach within the ARMA framework, our model adheres to the "bottom-up" principle: Monthly electricity demand is calculated as the aggregate of demands from individual subsectors or economic sectors.
The model's sectoral structure and statistical conventions align closely with those used in the German energy balance. Consequently, it enables accurate explanations and forecasts of domestic electricity consumption up to one year in advance.
Overview
Research in energy, resource, and climate economics must be both theoretically sound and application-oriented, and this is our commitment.
We advise public and private institutions using the latest economic methods. Our detailed sectoral and macroeconomic models examine relevant issues from national, European, and global perspectives.