Skip to main content
U.S. Department of Energy
Office of Scientific and Technical Information

Demand for electric energy in the United States

Journal Article · · South. Econ. J.; (United States)
DOI:https://doi.org/10.2307/1056253· OSTI ID:7193780
A model predicting elasticities is more useful in the prediction of growth in electric power demand than the usual extrapolative techniques. Model projections for compound base demand estimate an annual rate of 8.02% from 1970 to 1990. Each sector is projected for alternative price assumptions. Demand of all sectors is assumed to be a function of electricity and gas prices, per capita income, and several non-economic variables. In addition, demand in the residential sector is considered a function of the number of customers; the commercial sector of output and cost of labor; and the industrial sector of value added in manufacturing, minerals production, labor costs, and climate. Regression results indicate that price elasticity is significant in residential and commercial sectors, and significantly greater in the industrial sector. (14 references) (DCK)
Research Organization:
Univ. of Washington, Seattle
OSTI ID:
7193780
Journal Information:
South. Econ. J.; (United States), Journal Name: South. Econ. J.; (United States) Vol. 42:4; ISSN SECJA
Country of Publication:
United States
Language:
English