Projected electric power demands for the Allegheny Power System. Final report
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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