Abstract
A system dynamics model has been used in policy evaluation for the U.S. investor-owned electric utility industry. We pro vide a brief description of the model assumptions and major applications. Illustrative results include (1) an analysis of the advantages of constructing power plants with short lead times and (2) the effects on electricity rates of an overbuilding pro gram designed to reduce dependence on oil or natural gas. We conclude with a discussion of model validation and current research.
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