Recent Updates on Energy Planning Models - A Review

Abstract

Energy is the most important part for community and financial growth of any country. Energy planning models play a vital role in strategy formulation and power sector progress. In this paper a systematic review and comparison of energy planning models developed and applied from 1977-2019 has been presented. The review indicates that most of the energy planning models has been presented and applied in developed nations. Only few numbers of energy planning models have been presented and applied in under developing countries. The review also shows the comparison of energy planning models applied in developed and under-developed countries. This review article will assistance the energy managers, scholars and strategy makers broadly.