Discussing Energy Economics on the Internet

USAEE 2009 – Friday Morning

Posted in Biomass,Conferences,Modeling by Cheryl Morgan on the December 5th, 2008

The session on electricity market modeling was interesting but not very useful. Supply Function Equilibrium models are all very well, but most clients can’t understand you if you talk only in equations, and whenever I see presentations about these things they always seem to focus on approximations necessary to get the model to solve rather than on whether the model accurately reflects reality.

I’m afraid I was rather mean to the young man who tried to excuse the potential impacts of his grand plans for biofuels by claiming that he only used non-food biomass. Unless the stuff is waste, or grows only in areas unsuitable for food crops, it all competes for the same agricultural land.

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