Modeling interdependencies between power and economic sectors using the N-ABLE agent-based model

Abstract

The nation's electric power sector is highly interdependent with the economic sectors it serves; electric power needs are driven by economic activity while the economy itself depends on reliable and sustainable electric power. To advance higher level understandings of the vulnerabilities that result from these interdependencies and to identify the loss prevention and loss mitigation policies that best serve the nation, the National Infrastructure Simulation and Analysis Center is developing and using N-ABLE{trademark}, an agent-based microeconomic framework and simulation tool that models these interdependencies at the level of collections of individual economic firms. Current projects that capture components of these electric power and economic sector interdependencies illustrate some of the public policy issues that should be addressed for combined power sector reliability and national economic security.