by Keith Hautala
(April 15, 2014) — A team of students and researchers from the University of Kentucky Department of Statistics and the UK Center for Applied Energy Research worked last summer with the Kentucky Energy and Environment Cabinet (EEC) and the Pacific Northwest National Laboratory to evaluate energy and environmental policy under a range of potential carbon dioxide regulatory scenarios.
The UK team assisted with the enhancement of the Kentucky Electricity Portfolio Model which was developed at the EEC and responds to highly variable factors such as weather, fuel prices, and federal environmental policy, to identify the optimal electricity portfolio and forecast electricity prices, demand, emissions, fuel consumption, employment, and economic growth.
The project report,