A STUDY TO ASSESS THE APPLICATION OF SHADOW PRICING TECHNIQUES TO NATIONAL ENERGY RESOURCE PLANNING YEAR I FINAL REPORT

摘要

A Dynamic Energy System Optimization Model is described which can analyze optimal allocation of exhaustible energy resources over time. It is a multi-period representation of the nation's energy supply and utilization system which incorporates cost and time elements associated with new capital facilities, the discount rate, internal selection of new energy technologies, and internal determination of pri¬mary energy resource allocation over time.nTwo demonstration applications of a single period energy model are also presented. The first estimates benefit cost ratios for federal R&D investment in high Btu coal gasification technology. The second evaluates the economic impact of a sulphur dioxide emission constraint in certain end uses.