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Commercial buildings beneath nested layers representing technology, energy markets, the macroeconomy, and policy and environment, with arrows showing two-way links.

How NEMS Connects Energy Markets to the Economy

The National Energy Modeling System (NEMS) places detailed projections of energy supply and use within a shared view of the economy. The Macroeconomic Activity Module (MAM) gives those sector projections their economy-wide setting.

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energy systems and skyscrapers

Interpreting the AEO 2026 Side Cases

From Initial Assumptions to Integrated Energy-System Responses The U.S. Energy Information Administration’s Annual Energy Outlook 2026 includes a Counterfactual Baseline and ten side cases that test selected changes in economic, technological, resource, demand, and policy… 

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