About the Energy-Economy-Environment Modelling LABoratory
The E3M-Lab is a research laboratory operating, since 1988, within the Institute of Communication and Computer Systems of the National Technical University of Athens (ICCS/NTUA).
E3M-Lab specializes in the field of energy systems analysis and economics, macroeconomics and environmental economics by using and developing large-scale mathematical models based on advanced techniques of Applied Econometrics, Operations Research and Computer-based Information Systems. The researchers of the laboratory combine economic analysis with a thorough engineering evaluation and support of technology forecasting in the energy domain and focus on quantitative economic analysis and directly support economic, energy and environmental policy for the European Union and other world regions. The laboratory offers policy analysis studies and consulting services worldwide and is organized as a professional service providing entity.
E3M-Lab maintains data and prepares forecasts and scenario analysis for the energy systems and markets of thirty five (35) European countries. Since 1988, the E3M-Lab prepares the publications of DG TREN on Energy Outlook for the EU (latest DG TREN “Trends to 2030”, update 2009). E3MLab carried out for the EC impact assessment studies for the Climate Change Action and RES policy package (in 2008), the EU ETS, the Sixth Environmental Priorities Program, the legislative package on CCS, the Strategic Energy Review, the Green Paper on Security of Energy Supply and several others. Similar service has been provided to several governmental agencies in Europe (France, Belgium, Spain, Portugal, Greece and others) and to private companies. Recently E3M-Lab carried out the background modeling work for the Roadmap 2050 DG CLIMA communication, the White Paper on Transport (DG MOVE, 2011), the Eurelectric Power Choices and Role of Electricity studies (2010 and 2008) and the DG ENER’s Roadmap to 2050.
E3M-Lab develops and maintains several sector-specific models, including electricity-market specific models. The energy model developed and maintained for all the European Union member-states is PRIMES (energy market equilibrium engineering-economic model used for the long term and the study of structural changes in energy markets). For economic impact assessment and macroeconomic studies, E3MLab has developed GEM-E3 (general equilibrium macro-economic model applied to World regions and to EU specific countries too) which is widely used in Europe, also independently by other organizations. E3M-Lab also developed and maintains the PROMETHEUS world energy model (a stochastic world energy/technology model rich in representation of world oil and gas markets). E3M-Lab also developed and maintains detailed sectoral models: PRIMES-Gas for the Eurasian gas market and infrastructure, PRIMES-TREMOVE Transport model for EU27 countries and PRIMES-biomass model for EU27 countries.
The laboratory has accumulated a considerable information basis for a large spectrum of existing and new energy technologies. This information concerns technical characteristics, operation analysis, costs, lifetimes and market-related parameters. The basis covers energy use technologies, electric power, refineries, gas distribution, oil and gas extraction, renewable and others. The laboratory has accumulated extensive experience in power systems planning, power regulation and economics and investment analysis.