Residential electricity demand: a suggested appliance stock equation
The author develops a simple appliance stock equation for estimating seasonal patterns of power demand elasticity. The equation relates an index of appliances (estimates of typical use) to marginal price per kWh, to income, to average price of alternative fuels, to climate (cooling degree days and heating degree days), to age of the household head, to family size, and to race. Price elasticity is -0.785 for the winter and 0.493 for the summer, with all estimates significant to 0.001. The appliance stock coefficient is 0.801 for the winter and 0.971 for the summer. The equation may be useful in studies that do not require elaborate disaggregation of appliance stock. 7 references, 2 tables.
- Research Organization:
- Univ. of Missouri, Rolla
- OSTI ID:
- 6921260
- Journal Information:
- Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 5:2; ISSN ENJOD
- Country of Publication:
- United States
- Language:
- English
Similar Records
Short-run residential demand for electricity
Total and appliance-specific conditional demand for electricity in the household sector
Related Subjects
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101* -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
320603 -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
APPLIANCES
DEMAND FACTORS
DEMOGRAPHY
ECONOMIC ELASTICITY
ELECTRIC APPLIANCES
FORECASTING
INSTITUTIONAL FACTORS
POWER DEMAND
RESIDENTIAL SECTOR
SEASONAL VARIATIONS
SOCIO-ECONOMIC FACTORS
VARIATIONS