Multi-fuel analysis of energy consumption and appliance choice in the residential sector

Thesis/Dissertation · Tue Jan 01 04:00:00 EST 1985

OSTI ID:6246111

Szmania, J R

Household adjustments of fuel consumption in response to changes in relative fuel prices and other explanatory variables can be separated into two parts: changes in the utilization of the appliance stock and changes in the appliance stock itself. This type of framework is an important aspect in modeling residential energy consumption. Evidence suggests that relative fuel shares have been shifting significantly away from fuel oil. Given this, an application of the above analytic framework to all three fuels would be useful in focusing on the forces that have led to this fuel substitution and in providing insights into likely future residential energy trends. Pooled cross-section and time-series data are used. The econometric results indicate that the usual methods of estimation will result in biased and inconsistent coefficient estimates. This is due to the presence of regional effects which are correlated with the explanatory variables. Given this, a dummy variable approach will be the preferred technique. Moreover, the empirical results here suggest wide differences in the utilization elasticities across all three fuels.

• Research Organization: New York Univ., NY (USA)
• OSTI ID: 6246111
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
298000 -- Energy Planning & Policy-- Consumption & Utilization
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101* -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
APPLIANCES
ECONOMIC ELASTICITY
ELECTRIC POWER
ENERGY CONSUMPTION
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUEL OILS
FUELS
GAS FUELS
GASES
HOUSEHOLDS
LIQUID FUELS
NATURAL GAS
OILS
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
PETROLEUM PRODUCTS
POWER
RESIDENTIAL SECTOR