Introduction to
Economics[LINK]
While it is true that monthly utility bills are often
directly related to monthly energy consumption and monthly
peak demand, due to the elaborate regulatory environment and
the changing value of the energy based on load factor, the
calculations involved are often complicated. The EnergyPlus
approach is to allow you to model the individual component
charges that make up the utility bill and report the results
on a monthly basis.
To show you how simple the specification of a rate can be
here is a simple example for a flat charge of 8 cents for
every kWh sold.
UtilityCost:Tariff,
TariffExample1, !- Name
Electricity:Facility, !- Output Meter Name
kWh; !- Conversion Factor Choice
UtilityCost:Charge:Simple,
ChargeExample1, !- Charge Variable Name
TariffExample1, !- Tariff Name
totalEnergy, !- Source Variable
Annual, !- Season
EnergyCharges, !- Category Variable Name
0.08; !- Cost Per Unit Value or Variable Name
Overall, the goals of the economics section of EnergyPlus
are to make simple tariffs easy to model and complex tariffs
possible to model.
The cost implications of alternative, energy-related design
options may be important in determining the whether or not a
particular design is viable. Although the main purpose of
EnergyPlus is to determine the energy performance of a
building, component cost modeling is provided to allow
estimating initial construction costs associated with the
building and HVAC system being modeled. This is provided in
order to ensure that cost estimates are consistent with the
EnergyPlus model and it allows using results calculated during
a simulation such as equipment sizes and surface areas. The
cost estimating capabilities are not comprehensive and are not
intended to duplicate all the types of analyses included in
cost estimating software. Economics modeling is being
implemented in stages.
The objects used by EnergyPlus for calculating first costs
for construction projects are as follows:
The results of the cost estimate are reported in a Construction
Cost Estimate Summary table provided that the user requests
the results using the object Output:Table:SummaryReports
object with the Component Cost Economics Summary option
selected. The style of this predefined report can be
controlled using the OutputControl:Table:Style
object. If the Annual Building
Performance Report Summary is also requested, then cost
estimate results will follow that data in the same output
file.
EnergyPlus also implements other objects for life-cycle
costing:
The rest of this Economics section is organized to first
present reference material on tariff calculations followed by
construction cost estimating, and finally life-cycle
costing
Introduction to Economics[LINK]
While it is true that monthly utility bills are often directly related to monthly energy consumption and monthly peak demand, due to the elaborate regulatory environment and the changing value of the energy based on load factor, the calculations involved are often complicated. The EnergyPlus approach is to allow you to model the individual component charges that make up the utility bill and report the results on a monthly basis.
To show you how simple the specification of a rate can be here is a simple example for a flat charge of 8 cents for every kWh sold.
Overall, the goals of the economics section of EnergyPlus are to make simple tariffs easy to model and complex tariffs possible to model.
The cost implications of alternative, energy-related design options may be important in determining the whether or not a particular design is viable. Although the main purpose of EnergyPlus is to determine the energy performance of a building, component cost modeling is provided to allow estimating initial construction costs associated with the building and HVAC system being modeled. This is provided in order to ensure that cost estimates are consistent with the EnergyPlus model and it allows using results calculated during a simulation such as equipment sizes and surface areas. The cost estimating capabilities are not comprehensive and are not intended to duplicate all the types of analyses included in cost estimating software. Economics modeling is being implemented in stages.
The objects used by EnergyPlus for calculating first costs for construction projects are as follows:
ComponentCost:Adjustments
ComponentCost:Reference
ComponentCost:LineItem
The results of the cost estimate are reported in a Construction Cost Estimate Summary table provided that the user requests the results using the object Output:Table:SummaryReports object with the Component Cost Economics Summary option selected. The style of this predefined report can be controlled using the OutputControl:Table:Style object. If the Annual Building Performance Report Summary is also requested, then cost estimate results will follow that data in the same output file.
EnergyPlus also implements other objects for life-cycle costing:
LifeCycleCost:Parameters
LifeCycleCost:RecurringCosts
LifeCycleCost:NonrecurringCost
LifeCycleCost:UsePriceEscalation
LifeCycleCost:UseAdjustment
The rest of this Economics section is organized to first present reference material on tariff calculations followed by construction cost estimating, and finally life-cycle costing
Documentation content copyright © 1996-2026 The Board of Trustees of the University of Illinois and the Regents of the University of California through the Ernest Orlando Lawrence Berkeley National Laboratory. All rights reserved. EnergyPlus is a trademark of the US Department of Energy.
This documentation is made available under the EnergyPlus Open Source License v1.0.