District Heating and Cooling Energy Equilibrium Model
Since many energy policies, e.g. strategies for utilizing new energy technologies, may have long-term economic impacts, many energy-related economic models have been developed to aid in energy planning and decision-making. In one class of energy-related economic models, the effects of energy policies are modelled as shifts in energy market equilibrium positions. Such models employ mathematical programming, and are often referred to as energy equilibrium models. An energy equilibrium model of a competitive energy market examines the interaction between energy supplies and demands, and determines the optimal levels of production (supply) and consumption (demand) that satisfy the equilibrium property that the prices ...
