RECAP is an optimization model for forecasting the mix of generating capacity necessary to meet future U.S. electricity demand. The model closely calibrates to Annual Energy Outlook forecasts and was originally used in a study for the Edison Electric Institute to quantify the amount of generation and transmission capital investment that could be avoided through demand-side management. It has also been used to quantify the environmental impacts of smart grid investment, to develop long-term power price forecasts to inform investment decisions in new generation assets, and to assess the economics of extending the transmission network to new sources of renewable energy.

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