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Dynamic Equilibrium Energy Modeling: The Canadian BALANCE Model

Author

Listed:
  • Terrence E. Daniel

    (The University of Alberta, Edmonton, Alberta, Canada)

  • Henry M. Goldberg

    (The University of Alberta, Edmonton, Alberta, Canada)

Abstract

We discuss the development and structure of the University of Alberta BALANCE model of Canadian energy supply and demand. The model is a multi-time-period linear programming formulation of Canadian energy supply integrated with a large econometric model of price-sensitive energy demands in the Canadian economy. The model finds an equilibrium set of prices, supplies and demands over all time periods using a new dynamic version of the equilibrium-seeking algorithm developed for the Project Independence Evaluation System. The special aspects of a dynamic model and equilibration are described. An example illustrating the convergence properties of the algorithm is given. Finally, the question of whether or not to increase Canadian natural gas exports to the United States is examined using the model.

Suggested Citation

  • Terrence E. Daniel & Henry M. Goldberg, 1981. "Dynamic Equilibrium Energy Modeling: The Canadian BALANCE Model," Operations Research, INFORMS, vol. 29(5), pages 829-852, October.
    • Handle: RePEc:inm:oropre:v:29:y:1981:i:5:p:829-852
    DOI: 10.1287/opre.29.5.829
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    Cited by:

    1. John Rowse, 1991. "Discount Rate Selection and Efficiency in Allocating a Nonrenewable Resource," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 127(II), pages 245-265, June.
    2. Chung, W. & Wu, Y. June & Fuller, J. David, 1997. "Dynamic energy and environment equilibrium model for the assessment of CO2 emission control in Canada and the USA," Energy Economics, Elsevier, vol. 19(1), pages 103-124, March.
    3. Lavigne, Denis & Loulou, Richard & Savard, Gilles, 2000. "Pure competition, regulated and Stackelberg equilibria: Application to the energy system of Quebec," European Journal of Operational Research, Elsevier, vol. 125(1), pages 1-17, August.
    4. Gonzalo Romero Garcia & Dora Villada Castillo & Jhan Piero Rojas, 2022. "A Complete Prefeasibility Evaluation of On-Site Energy Generation Systems," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 474-479, March.
    5. Boucher, Jacqueline & Smeers, Yves, 1985. "Programmation mathématique et modélisation énergétique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 61(1), pages 24-50, mars.
    6. John F. Helliwell & Mary E. MacGregor & Robert N. McRae & André Plourde, 1985. "Energy Deregulation and Uncertain World Oil Prices: What Are the Connections?," Canadian Public Policy, University of Toronto Press, vol. 11(s1), pages 479-491, July.
    7. Watson, William D. & Lin, King & Browne, Thomas, 1999. "US policy instruments to protect coal-bearing fragile lands," Resources Policy, Elsevier, vol. 25(2), pages 125-140, June.
    8. William D. Watson, 1996. "Preserving Natural Environments on Coal Lands at Minimum Cost," The Energy Journal, , vol. 17(1), pages 91-127, January.

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