Residential electricity sales: the economics of forecasting

Journal Article · Thu Sep 23 04:00:00 EDT 1976 · Public Util. Fortn.; (United States)

OSTI ID:7349635

Hawkins, L P

The procedures used by the Energy Economics Division of the Chase Manhattan Bank to project growth in residential electric consumption, nationally and regionally, are described. Prudent economic judgment must be used to gauge the effects of future developments on the consumption of electricity. The developments include: the effect of rising average electric rates, the economic channel through which rising electric rates will operate, how the structure of households and their regional concentration may alter kWh use patterns, how appliances and dwelling unit types will impact, and the role of both electricity rate structures and emerging technologies on use. These impacts have been quantified and what they are likely to mean for future electric consumption is investigated. It is found that price increases and changing rate structures have small, but significant, effects, and these effects assume increasing importance over time. This will be partly offset by demographic effects consumption patterns that will tend to make electric demand more weather-sensitive. (MCW)

• Research Organization: Chase Manhattan Bank, New York
• OSTI ID: 7349635
• Journal Information: Public Util. Fortn.; (United States), Journal Name: Public Util. Fortn.; (United States) Vol. 98:7; ISSN PUFNA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
296000* -- Energy Planning & Policy-- Electric Power
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101 -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
APPLIANCES
BUILDINGS
CHARGES
CONSUMPTION RATES
COST
DEMAND FACTORS
ECONOMICS
ELECTRICITY
ENERGY CONSUMPTION
FORECASTING
HOUSES
MARKET
REGIONAL ANALYSIS
RESIDENTIAL BUILDINGS
TRADE