Energy consultancy Baringa Partners were appointed to design and develop a software modelling tool to be used in the planning of cost-effective local energy systems. This software is called EnergyPath and will evolve to include a number of additional packages to inform planning, consumer insights and business metrics. Element Energy, Hitachi and University College London have worked with Baringa to develop the software with input from a range of local authorities, Western Power Distribution and Ramboll. EnergyPath will complement ETI’s national strategic energy system tool ESME which links heat, power, transport and the infrastructure that connects them. EnergyPath is a registered trade mark of the Energy Technologies Institute LLP.
This report provides detail of the methodology that has been developed to assess the economic costs and benefits of implementing a local area energy strategy and providing socio-economic indicators of a low carbon transition impact in a local area to key stakeholders. The methodology takes output data directly from EnergyPath Networks calculates indicative costs and benefits using HM Treasury (HMT) Green Book and Interdepartmental Analysts Group (IAG) guidance where appropriate.