Energy and economic modelling services

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Energy and economic modelling enables decision makers to understand how energy systems, economies and climate interact. WSP provides evidence-based modelling and scenario analysis to support policy, strategy and investment decisions, combining scientific rigour, advanced tools and deep sector insight to navigate complexity and uncertainty.

How we help

Policy and strategy analysis

Model based assessment of the energy, economic and climate implications of policy and strategic choices.

Sectoral energy insight

Detailed modelling of electricity, transport, buildings, biomass and emissions systems to inform action.

Market and investment assessment

Analysis of market dynamics, infrastructure development and policy interventions to support investment decisions.

Macroeconomic modelling

Economy wide analysis of energy use, technology change, emissions and economic performance.

Model development and assurance

Support for organisations developing bespoke energy or economic models, including advisory and quality review.

Research leadership

Design and delivery of applied research programmes in energy and macroeconomic modelling.

How we work

Sectoral supply and demand modelling (PRIMES Model)

Large-scale sector applied energy system model providing detailed projections of energy demand, supply, prices and investment into the future. The model covers the entire energy system and the related emissions, making it ideal to simulate long-term energy transformations and clean transition (transport, buildings, biomass, electricity and heat, gas supply)

Access the Primes technical manual

Macroeconomic multi-sectoral global model (GEM-E3 Model)

The award-winning general equilibrium model for economy, energy and environment (GEM-E3) simulates the interaction between economic activity, energy use, and environmental impacts. GEM-E3 enables policy makers and organisations to simulate emissions reduction policies—such as emission permit trading, revenue recycling, and exemptions—under various policy designs. It explicitly models how prices form through supply-demand interactions, allowing different types of market clearing mechanisms.

Access the GEM-E3 technical manual

Global energy markets model (Prometheus Model)

Prometheus is a powerful global energy model designed to explore how the energy system might evolve in uncertainty conditions. The model simulates the global energy system across 10 world regions and produces yearly projections up to 2070, covering energy demand across sectors and power generation from different technologies.

Access the Prometheus technical manual

Projects

London, United Kingdom

Cory Energy

WSP is providing environmental assessment, infrastructure planning and pre-FEED engineering advice to Cory Environmental Holdings Ltd. (Cory) in their development of a proposed carbon capture project situated in Belvedere in East London.

Sydney, Australia

Planning for net zero energy buildings

As part of the City of Sydney’s ambition to reach net zero emissions by 2035 we have played a key role in demonstrating ways to drive down GHG emissions in the built environment in Greater Sydney.

Kattegatt, Sweden

Clean Energy for a Million Households

The Poseidon offshore wind farm is part of a larger push to have 100% renewable electricity production by 2040 in Sweden.

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New York, USA

Con Edison Thermal Energy Network Pilots in New York City

Piloting Utility Thermal Energy Network solutions for more equitable energy distribution across neighborhoods in the nation’s most populous city.

Quebec, Canada

Lac-Mégantic Energy Microgrid and Energy Storage

Looking to rebuild a future focused on innovation and sustainable development post-rail disaster in 2013, Lac-Mégantic engaged WSP to implement Quebec’s first microgrid.

Wales, UK

Optimizing Learning in Energy Efficient Welsh Schools

Thanks to WSP’s sustainable designs, primary school students and teachers in Wales were treated to a new and improved learning environment. Two primary schools in Carmarthenshire have been designed and built according to Passivhaus, the world’s most rigorous energy and comfort standard.

Key facts

Years of energy and economic modelling experience

30+

Core models: Energy system, macroeconomic and global markets

3

Sectors (Energy, transport, buildings, industry, etc.)

10+

Our energy and economic modelling experts have been at the forefront of policy development and energy strategy for over 30 years.

Leonidas Paroussos Managing Director, EEM Operations, Athens

We have industry-leading energy and economy modellers who combine scientific excellence and state-of-the-art tools with their extensive knowledge.

Maria Kannavou Business Area Director, Energy Systems Analysis

We provide cutting-edge analysis and insights that deliver improved energy security and unlock the transition to clean sustainable energy.

Panagiotis Fragkos Business Area Director, Global Energy Market

FAQs

What decisions can energy and economic modelling support

Modelling supports policy design, energy strategy, infrastructure planning and investment assessment by testing scenarios and trade-offs.

How do you address uncertainty in future energy systems

We use scenario-based and sensitivity analysis to explore a range of possible outcomes under different assumptions.

Do you develop bespoke models for clients?

Yes. We support the development, review and application of bespoke models alongside established frameworks.

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Energy and economic modelling