Regional Differences in the Price-Elasticity of Demand For Energy

Mark A. Bernstein, James Griffin

ResearchPublished Nov 1, 2005

The Department of Energy has a series of programs intended to spur development and adoption of energy-efficient technologies. This report examines how trends in the energy market may vary at the state and regional levels, and how price-elasticity of demand (a measure of how demand responds to price), varies at the national, regional, state, and utility levels. To determine if regional, state, or sub-state characteristics could affect the size of the impact of energy-efficient technologies on energy prices, supply, and consumption, it is necessary to examine how individual factors-such as climate, supply constraints, energy costs, and demand for natural gas-might affect the extent of this impact. Three energy-demand components are addressed in this report: electricity use in the residential sector, natural gas use in the residential sector, and electricity use in the commercial sector. The goal of this research is to determine whether state- and regional-level differences were significant enough to recommend to the Department of Energy the disaggregation of data by state or region when estimating the potential benefits of energy-efficient technologies.

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Document Details

  • Availability: Web-Only
  • Year: 2005
  • Pages: 120
  • Document Number: TR-292-NREL

Citation

Chicago Manual of Style

Bernstein, Mark A. and James Griffin, Regional Differences in the Price-Elasticity of Demand For Energy. Santa Monica, CA: RAND Corporation, 2005. https://www.rand.org/pubs/technical_reports/TR292.html.
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