Table 3. Summary of Adjusted Overall Buildings Sector Fuel Own-Price Response from Dahl (1993)
|
Fuel |
Short-Run Elasticity |
Long-Run Elasticity |
|
Residential Sector |
||
|
Electricity |
0.00 to -0.80 |
0.00 to -2.50 |
|
Natural Gas |
0.00 to -0.88 |
0.00 to -3.44 |
|
Fuel Oil |
0.00 to -0.70 |
0.00 to -3.50 |
|
Commercial Sector |
||
|
Electricity |
-0.17 to -1.18 |
0.00 to -4.74 |
|
Natural Gas |
0.00 to -0.38 |
0.00 to -2.27 |
|
Fuel Oil |
-0.30 to -0.61 |
-0.55 to -3.50 |
|
Source: C. Dahl, A Survey of Energy Demand Elasticities in Support of the Development of the NEMS, Contract Number DE-AP01-93EI23499 (Washington, DC, October 1993). Studies were selected and grouped by the Office of Integrated Analysis and Forecasting. |
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