Calibration of Supply Module Equations

Within the supply module, a set of variables is used to calibrate model equations to historical values for electric loads, electric generation, electric prices, non-electric fuel prices, oil and gas development rate, oil and gas production rate, and oil refinery production. 


See the following sections to identify the calibration variables and how to modify methods of projecting those variables into the future:

🛈

Note:  For more detailed description of calibration in the supply sectors, see Volume 3 (Electricity Supply), Volume 4 (Oil and Gas Supply), and Volume 5 (Other Supply – Refining, Hydrogen, and Biofuel).