Fuel choice and aggregate energy demand in the residential and commercial sectors of the US
The residential and commercial sectors are important energy consumers in the US economy, consuming approximately 35% of total national energy use in 1975. Specifically, this studies' objectives are: (1) to develop aggregate energy demand models for both the residential and commercial sectors, and (2) to develop multinomial logit models of fuel choice for both sectors from which the demands for individual fuels (electricity, natural gas, and fuel oil) are estimated. Both short- and long-run market share and conventional fuel demand elasticities are analytically derived with the impact of interfuel substitution analyzed for the two sectors separately. The fuel-choice models utilize constrained price-ratio coefficients to conform with established logit theory. In addition, fuel price variables other than the own-price and numeraire price are included in this logit model. Explanatory variables representing the capital stock of energy using equipment in the commercial sector and the availability of natural gas are included in the aggregate energy demand and fuel choice models to improve their specification. The models are estimated with improved data (pooled time series and state level) which allocate to the residential sector the master-metered electricity and natural gas use components that traditional energy consumption data sources assign to the commercial sector. In addition, household and commercial distillate fuel oil use is differentiated on a state-by-state basis.
- Research Organization:
- Oak Ridge National Lab., TN (USA)
- DOE Contract Number:
- W-7405-ENG-26
- OSTI ID:
- 5589600
- Report Number(s):
- CONF-790661-2
- Country of Publication:
- United States
- Language:
- English
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Fuel choice and aggregate energy demand in the commercial sector
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Related Subjects
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
296000 -- Energy Planning & Policy-- Electric Power
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101* -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
320104 -- Energy Conservation
Consumption
& Utilization-- Commercial & Industrial Buildings-- (-1987)
COMMERCIAL SECTOR
CONSUMPTION RATES
DATA
DATA FORMS
DECISION MAKING
DEMAND
ELECTRIC POWER
ENERGY DEMAND
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUEL OILS
FUELS
GAS FUELS
GASES
INFORMATION
NATURAL GAS
NORTH AMERICA
NUMERICAL DATA
OILS
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
PETROLEUM PRODUCTS
POWER
PRICES
RESIDENTIAL SECTOR
SIMULATION
TABLES
USA