Measuring the influence of Canadian carbon stabilization programs on natural gas exports to the United States via a 'bottom-up' intertemporal spatialprice equilibrium model
Sa. Gabriel et al., Measuring the influence of Canadian carbon stabilization programs on natural gas exports to the United States via a 'bottom-up' intertemporal spatialprice equilibrium model, ENERG ECON, 22(5), 2000, pp. 497-525
In this paper, we present the results of a study of the impact of Canadian
carbon stabilization programs on exports of natural gas to the United State
s. This work was based on a study conducted for the US Environmental Protec
tion Agency. The Gas Systems Analysis model (GSAM), developed by ICF Consul
ting for the US Department of Energy, was used to gauge the overall impact
of the stabilization programs on the North American natural gas market. GSA
M is an intertemporal, spatial price equilibrium (SPE) type model of the No
rth American natural gas system. Salient features of this model include cha
racterization of over 17000 gas production reservoirs with explicit reservo
ir-level geologic and economic information used to build up the supply side
of the market. On the demand side, four sectors - residential, commercial,
industrial and electric power generation - are characterized in the model.
Lastly, both above and below ground storage facilities as well as a compre
hensive pipeline network are used with the supply and demand side character
izations to arrive at estimates of market equilibrium prices and quantities
and flows. (C) 2000 Elsevier Science B.V. All rights reserved. JEL classif
ication: Q43.