ETI Appoints Europe Economics to Develop Modelling Framework to Assess Economic Benefits of More Energy Efficient Buildings and Networks
The Energy Technologies Institute (ETI) has appointed economic consultancy, Europe Economics, to develop a software tool that will be used by the ETI and local authorities (LA) to assess the economic and social benefit of any energy efficiency improvements made to the local energy system, including housing stock energy efficiency improvements
The contract is part of the ETI’s Smart Systems and Heat (SSH) programme which is aiming to create future-proof and economic local heating solutions for the UK. Europe Economics will work in collaboration with AECOM who will provide their engineering expertise to the economic modelling.
Many LAs across the United Kingdom are making plans to improve the thermal performance of their housing stock, together with developing strategies to reduce the carbon intensity of energy usage in their areas. This project will generate a modelling framework that LAs can use to assess the economic benefit of any efficiency improvements made. The tool will be sufficiently flexible to be applicable to any location across the UK, for any energy solution improvements and allow an assessment of the overall national benefit as the local solutions are deployed more widely.
The ETI-commissioned and funded £80,000 project will be delivered in two phases. Phase one will entail the scoping of a representative location and evaluation of the potential benefits, and phase two will provide an evaluation of the potential benefits on a national scale. The project is expected to be completed by summer 2014.
The ETI is working principally with a number of local authorities – Aberdeen, Bridgend, Cornwall, Greater London Authority (including Camden, Haringey and Islington), Hull, Isle of Wight, Leeds, Leicester, Greater Manchester, Newcastle and Sheffield on the design of energy solutions specific to their respective locations. This project complements the recently announced EnergyPathTM project which is developing a software modelling tool to be used in planning cost-effective local energy systems.
Dr Grant Bourhill, Director, Smart Systems and Heat at ETI said: “This project strengthens our local energy system design capability. Together with local authorities, we can use this tool to evaluate the economic and social impact of energy system energy efficiency improvements, providing local authorities and residents in their area with information regarding the additional benefits of energy system changes.”
View the film of Tony Dicicco, the ETI’s Policy and Economics Manager on the SSH programme, discussing the project: