The EEFC service covers a cross-section of topics on the economics of energy - while maintaining the necessary quality of the work. This service enjoys a wide international reputation as a result of reaching a very high professional standard. A broad range of subjects are covered by the service, including:
• Prices, costs, their formulations and policies for different energy variables such as oil, gas, electricity, etc.
• Issues on environment, such as carbon dioxide emission
• Extractive resources, covering all aspects of demand, supply and pricing
• Surveys of different segments of the energy sector, e.g. survey on gasoline demand
• Various macroeconomic interactions with the energy sector, such as impacts on employment factors and so on
• Fiscal policies for different countries such as those active in the North Sea (both for the UK and Norway), Alaska, Indonesia and OECD regions
The Centre is frequently invited to build macroeconomic models as well as financial models for different institutions. Examples are the Italian Treasury and the US Government (in relation to an international Tax Comparison Project).
In addition to constructing our own models, the Centre liaises continually with modellers worldwide and has many government models installed on our computers, such as the Bank of England Model, the UK Treasury Model, two Federal Reserve Board Models (the Domestic Quarterly Model MPS and the Multi-Country Model), etc. These are regularly run by the Centre.