Demand for electric energy in the United States
Journal Article
·
· South. Econ. J.; (United States)
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
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
296000* -- Energy Planning & Policy-- Electric Power
BUILDINGS
COMMERCIAL BUILDINGS
CONSUMPTION RATES
DEMAND FACTORS
ECONOMETRICS
ECONOMIC ELASTICITY
ECONOMICS
ELECTRIC POWER
GROWTH
INDUSTRY
INFORMATION
MATHEMATICAL MODELS
POWER
POWER DEMAND
RESIDENTIAL SECTOR
TABLES
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
296000* -- Energy Planning & Policy-- Electric Power
BUILDINGS
COMMERCIAL BUILDINGS
CONSUMPTION RATES
DEMAND FACTORS
ECONOMETRICS
ECONOMIC ELASTICITY
ECONOMICS
ELECTRIC POWER
GROWTH
INDUSTRY
INFORMATION
MATHEMATICAL MODELS
POWER
POWER DEMAND
RESIDENTIAL SECTOR
TABLES