Residential demand for energy: A review of the empirical literature and some new results

Technical Report · Sat Jan 01 04:00:00 EST 1983

OSTI ID:5563276

Kirby, S N

Demand for energy is derived from the demand for particular end-use service (e.g., warmth, cooling, clothes drying, etc.). This derivative nature of energy demand gives rise to two major, although interrelated, issues: first, a complete model must consider both the demand for services and the demand for energy-using equipment second, the essentially dynamic nature of the demand requires a clear delineation between short-run and long-run responses. Because of their durability, appliance stocks will be adjusted only over a period of time. In contrast, the intensity of utilization of a given appliance portfolio can be adjusted fairly rapidly. In the short run, defined as the period of time during which appliance stocks are fixed, households are essentially limited in their ability to respond to changes in fuel prices and income. In the long run, households may alter their stock of energy using equipment to reflect more accurately their desired capital stock. As such, longer run responses will be much larger in magnitude than short run responses.

• Research Organization: RAND Corp., Santa Monica, CA (USA)
• OSTI ID: 5563276
• Report Number(s): N-8326260; P-6847
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101 -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
DEMAND
ENERGY CONSUMPTION
ENERGY DEMAND
MATHEMATICAL MODELS
RESIDENTIAL SECTOR