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The HERMES model of the Irish Energy Sector. ESRI WP396. July 2011

Hennessy, Hugh and FitzGerald, John (2011) The HERMES model of the Irish Energy Sector. ESRI WP396. July 2011. [Working Paper]

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    In Ireland, the energy sector has undergone significant change in the last forty years. In this period, there has been a significant increase in the demand for energy. This increase has been driven by economic and demographic factors. Although the current deep recession has quelled the upward trend in the demand for energy, a future economic recovery will bring these issues back into focus. This paper documents a model of the Irish energy sector which relates energy demand to real economic variables. As part of the HERMES macro-economic model this model of the energy sector has, for a number of years, been used to forecast energy demand. However, the energy model itself can be considered in isolation from the MERMES macro-economic model and this paper gives details of its specification.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy (Including international arena)
    Countries > Ireland
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 24 Jul 2017 10:40
    Number of Pages: 64
    Last Modified: 24 Jul 2017 10:41

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