Energy consumption and fuel choice by residential and commercial consumers in the United States

Journal Article · Thu Jan 01 04:00:00 EST 1976 · Energy Syst. Policy; (United States)

OSTI ID:7140224

Baughman, M L ^[1]; Joskow, P L

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1. Univ. of Texas, Austin

This paper reports on the conceptual design and estimation of a model of total energy demand and fuel choice in the residential and commercial sector in the United States. A simple flow adjustment model is used to explain total energy demand in the residential and commercial sector and a multinomial logit formulation is used to explain the ''fuel split'' between oil, natural gas, and electricity. Estimates of ''market-share'' elasticities and own-price and cross-price elasticities are presented for oil, natural gas, and electricity for an abstract mean state within the United States. The econometric model is then used to simulate the consumption of the various fuels under four possible future price scenarios. The results of these simulations are compared with those published by the Federal Energy Administration.

• OSTI ID: 7140224
• Journal Information: Energy Syst. Policy; (United States), Journal Name: Energy Syst. Policy; (United States) Vol. 1:4; ISSN ESYPB
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
298000* -- Energy Planning & Policy-- Consumption & Utilization
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101 -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
320104 -- Energy Conservation
Consumption
& Utilization-- Commercial & Industrial Buildings-- (-1987)
COMMERCIAL SECTOR
DEMAND FACTORS
DESIGN
ECONOMETRICS
ECONOMIC ELASTICITY
ECONOMICS
ELECTRICITY
ENERGY
ENERGY CONSUMPTION
ENERGY DEMAND
ENERGY MODELS
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
NATIONAL ORGANIZATIONS
NATURAL GAS
NORTH AMERICA
PETROLEUM
RESIDENTIAL SECTOR
US FEA
US ORGANIZATIONS
USA