Energy demand and generalized fuel-choice model for the primary-metals industry

Journal Article · Sun Apr 01 04:00:00 EST 1984 · Energy J.; (United States)

OSTI ID:6920987

Duffus, L M; Chern, W S

The energy demand and generalized fuel-choice model developed for the primary metals industry shows that, in the long run, the aggregate demand for energy is unitary elastic with respect to own price, yet overall energy demand may increase because of non-price determinants such as natural gas curtailments. Significant third-price effects influence the share, aggregate demand, and conventional price elasticities, but a structural change that occurred between the pre- and post-embargo periods modified these interfuel relationships. Forecast of energy demand to the year 2000 indicate an overall increase in energy efficiency. Putting a tax on a fuel such as natural gas would further decrease energy use, but would increase use of fuel oil. 11 references, 9 tables.

• Research Organization: Univ. of Illinois, Champaign
• DOE Contract Number: W-7405-ENG-48
• OSTI ID: 6920987
• Journal Information: Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 5:2; ISSN ENJOD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290100 -- Energy Planning & Policy-- Energy Analysis & Modeling
290200 -- Energy Planning & Policy-- Economics & Sociology
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320301* -- Energy Conservation
Consumption
& Utilization-- Industrial & Agricultural Processes-- Energy Sources
DEMAND
ECONOMIC ANALYSIS
ECONOMIC ELASTICITY
ECONOMICS
ENERGY DEMAND
FORECASTING
FUEL SUBSTITUTION
INDUSTRY
METAL INDUSTRY
PRICES