Scoping the Potential Use of Macroeconomic Models to Energy Policies Questions in Northern Ireland: [November 2022]

Integral to the Northern Ireland energy strategy and action plan is the development of an energy evidence programme to aid policymakers in deciding the best course of action to meet targets. This programme should be based upon the best available evidence from a wide range of sources, which includes reviewing existing research, commissioning new research and consulting relevant experts. Within the energy evidence programme a set of priority research areas are outlined, ranging behavioural economics to fuel prices. Of particular importance for this report is the principle of model development mainly the developments of the current Computable General Equilibrium (CGE) model required to replicate the type of energy related applications employed by the Scottish and UK energy CGE models.

In this report we detail the use of CGE models for energy analysis in Scotland and the UK and how the Northern Ireland model could be extended to carry out similar analysis