A model establishes a simplified illustration of effects and relations observed in reality. In order to predict future trends, applying models is often a sensible approach to focus on essential information. First, the determining factors and their relations are simulated and then the results are investigated. Apart from the implementation of mathematical/physical principles, the main focus is on providing self-consistent data sets with the required depth of detail.
Based on a model, depending on the degree of accuracy, predictions or scenarios for the future can be made.
Examples of models in energy economics are:
Scenarios for the future energy demand
The potential for electromobility in Germany
Simulation of future load curves