Residential Sector Demand Elasticities
|
|
Electricity |
Natural Gas |
Distillate |
|
Electricity Price |
-.075 (-22.9) |
N/A |
N/A |
|
Natural Gas Price |
N/A |
-.086 (-27.4) |
N/A |
|
Distillate Price |
N/A |
N/A |
-.054 (-27.5) |
|
Total Households |
.484 (12.8) |
.694 (10.2) |
.363 (7.98) |
|
Lagged Consumption |
.542 (20.6) |
.597 (28.6) |
.673 (35.3) |
|
Long Run Multiplier |
2.22 |
2.51 |
3.08 |
|
R2 |
.996 |
.996 |
.997 |
Commercial Sector Demand
Elasticities
|
|
Electricity |
Natural Gas |
Distillate |
|
Electricity Price |
-.115 (-12.8) |
N/A |
N/A |
|
Natural Gas Price |
N/A |
-.185 (-14.1) |
N/A |
|
Distillate Price |
N/A |
N/A |
-.138 (-9.50) |
|
Total Floorspace |
.686 (15.9) |
.776 (15.0) |
.306 (8.03) |
|
Lagged Consumption |
.326 (7.17) |
.283 (5.65) |
.538 (9.82) |
|
Long Run Multiplier |
1.5 |
1.41 |
2.21 |
|
R2 |
.985 |
.984 |
.973 |
Industrial Sector Demand Elasticities
|
|
Electricty |
Natural Gas |
|
Electricity Price |
-.102 (-9.84) |
.066 (6.44) |
|
Natural Gas Price |
.043 (5.61) |
-.097 (-7.68) |
|
Value of Shipments |
.366 (9.88) |
.405 (8.49) |
|
Lagged Consumption |
.444 (7.54) |
.322 (4.24) |
|
Long Run Multiplier |
1.81 |
1.48 |
|
R2 |
.936 |
.891 |
Transportation Sector Demand Elasticities
|
|
Motor Gasoline |
Distillate |
|
Motor Gasoline Price |
-.116 (-12.7) |
N/A |
|
Distillate Price |
N/A |
-.029 (-10.8) |
|
Population Aged 16 and Over |
.559 (15.2) |
N/A |
|
Real Disposable Personal Income |
.194 (10.5) |
N/A |
|
Value of Shipments |
N/A |
-.039 (-5.69) |
|
Lagged Consumption |
.214 (4.04) |
nil |
|
Long Run Multiplier |
1.28 |
N/A |
|
R2 |
.949 |
.997 |