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Two-Market Analysis of Natural Gas Decontrol. Appendix A to a Study of Alternatives to the Natural Gas Policy Act of 1978

机译:天然气解除对策的双市场分析。 1978年天然气政策法替代方案研究附录a.

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The Department of Energy (DOE) is evaluating the consequences of federal policies which today regulate US gas demand and supply. In addition, it is assessing the consequences of changed policies-ones which would remove wellhead price constraints and ones which would remove regulatory constraints on gas use. The DOE's assessment focuses on two provisions of the Natural Gas Policy Act of 1978 (NGPA)-maximum-lawful prices applied to first sales of most domestic natural gas and incremental pricing of industrial boiler uses of interstate gas. This appendix presents the results of a large number of simulations of the direct consequences of current and changed policies and states-of-nature uncertainties. The simulations offer answers to what if questions posed by the DOE and produced as objectively as possible in response to its assumptions and policy specifications. The simulations employ a computer-based representation of the US gas market, labeled here the Gas Market Evaluation System. This system is simplified and straightforward; it is computer-based in order to make practical the otherwise burdensome, repetitive arithmetic required to simulate the effects of many combinations of changed data assumptions and gas policies. The balance of this appendix commences with an overview of the Gas Market Evaluation System. In turn, it explains how the system works and the data and assumptions employed for a DOE Base Case. It does so step-wise, beginning with the supply-side of the gas market and moving through transmission and distribution to the demand-side of the market. It ends with presentation of the Base Case results, followed by results of other cases which change gas policies and change uncertain states-of-nature variables which surround the domestic gas market. (ERA citation 07:017373)

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