Energy Price Elasticity Update
Trends
in Regional US Electricity and Natural Gas Price Elasticity
(EPRI Product 1022196). This Technical Update describes
an analysis of consumer responsiveness to energy price
changes for electricity and natural gas using data from
1993 through 2007. Price elasticity is a measure of
how customers respond to changes in energy prices. Climate
change policies that increase the price of electricity
will result in different consequences for the power
industry, state economies, and power users, depending
on how consumers respond to those prices. This new analysis
of consumer responsiveness to energy price changes updates
prior studies by including the recent period of rising
prices since 2000. The analysis considers total and
residential electricity demand, and total natural gas
consumption, at both national and regional levels. For
more information, contact Victor Niemeyer, 650.855.2262,
niemeyer@epri.com.
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