Analysis of heterogeneity in residential-sector fuel prices at various levels of aggregation
Journal Article
·
· Energy Syst. Policy; (United States)
OSTI ID:6692296
This paper examines the statistical justification for using aggregate residential fuel prices (electricity, natural gas, and No. 2 fuel oil) and escalation rates. A variance and covariance analysis of cross-sectional, time series, fuel price data is undertaken to explore the justification for pooling data across successively larger regions. The results indicate that use of national average prices and escalation rates is not statistically justified for any of the fuels. In addition, both average fuel prices and average escalation rates for DOE regions and states are found to be poor indicators of price distributions within such regions in about one-third of the cases examined. 5 references, 6 figures, 4 tables.
- Research Organization:
- Pacific Northwest Lab., Richland, WA
- DOE Contract Number:
- AC06-76RL01830
- OSTI ID:
- 6692296
- Journal Information:
- Energy Syst. Policy; (United States), Journal Name: Energy Syst. Policy; (United States) Vol. 8:2; ISSN ESYPB
- Country of Publication:
- United States
- Language:
- English
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