Projected electric power demands for the Allegheny Power System. Final report
Technical Report
·
OSTI ID:5760052
This report presents forecasts of electric power demands through 1995 facing the Allegheny Power System and each of its principal operating subsidiaries. Forecasts are based upon a series of econometric equations of the demand for electricity. Residential energy usage (per customer) is explained mainly by real income, electricity prices and weather, while commercial/industrial usage (per employee) is explained by the wage rate, gas and electricity prices, and manufacturing's share of employment. All energy equations are made dynamic through the inclusion of a lagged dependent variable. Long-run price and income elasticities averaged roughly -0.5 and 1.2 respectively. A number of forecast scenarios were constructed based upon varying assumptions concerning the local economy, electricity prices, and regulatory practices.
- Research Organization:
- Wilson (J.W.) and Associates, Inc., Washington, DC (USA)
- OSTI ID:
- 5760052
- Report Number(s):
- PB-81-188112
- Country of Publication:
- United States
- Language:
- English
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