Residential Sector: Electricity

 

Comparison of Individual Differences With Total Effect

 

Variable # 1

Table #2 Energy Consumption by Sector and Source (quadrillion Btu, unless otherwise noted)

Sector and Source    Residential:    Electricity                  

 

                High Price    Low Households

Year           RSHEP07.0926a  RSLHH07.0926a  Sum of Diffs   Total Diff     Sum/Total     

 2010          -.08395        -.0139751      -.0979251      -.0979252       .9999989     

 2011          -.142581       -.0228648      -.1654458      -.165206        1.001451     

 2012          -.1713028      -.0321679      -.2034707      -.2025661       1.004466     

 2013          -.1763353      -.0414319      -.2177672      -.2161522       1.007472     

 2014          -.1812229      -.0510082      -.2322311      -.2297254       1.010907     

 2015          -.1853962      -.0603123      -.2457085      -.2427502       1.012187     

 2016          -.189445       -.0694113      -.2588563      -.2558613       1.011706     

 2017          -.1927104      -.0782943      -.2710047      -.2677894       1.012007     

 2018          -.196291       -.0872331      -.2835241      -.2801571       1.012018     

 2019          -.2000551      -.096312       -.2963671      -.2927079       1.012501     

 2020          -.2043309      -.1054502      -.3097811      -.305963        1.012479     

 2021          -.2071619      -.1137486      -.3209105      -.3169856       1.012382     

 2022          -.2109351      -.122561       -.3334961      -.3291411       1.013231     

 2023          -.2150273      -.1316032      -.3466305      -.341476        1.015095     

 2024          -.2196612      -.1409411      -.3606023      -.354599        1.01693      

 2025          -.2234397      -.1497078      -.3731475      -.3662391       1.018863     

 2026          -.2277203      -.1585989      -.3863192      -.3787041       1.020108     

 2027          -.2321672      -.1674361      -.3996033      -.3911653       1.021572     

 2028          -.2370791      -.176321       -.4134001      -.4041643       1.022852     

 2029          -.239574       -.1829276      -.4225016      -.4138207       1.020977     

 2030          -.2425828      -.1898417      -.4324245      -.424335        1.019064     

 

 

Indogenous Variable:

Table #2 Energy Consumption by Sector and Source (quadrillion Btu, unless otherwise noted)

  Sector and Source    Residential:    Electricity                 

 

Exogenous Variables:

# 1) Table #3 Energy Prices by Sector and Source (2005 dollars per million Btu, unless otherwise noted)

    Sector and Source    Residential:    Electricity                 

 

# 2) Table #4 Residential Sector Key Indicators and Consumption (quadrillion Btu, unless otherwise noted)

    Key Indicators    Households (millions):      Total                     

 

# 3) Lagged Table #2 Energy Consumption by Sector and Source (quadrillion Btu, unless otherwise noted)

    Sector and Source    Residential:    Electricity                 

 

Exogenous

Variable              Mean                  Coefficient           Elasticity            t-statistic          

Variable# 1            26.31588             -.015162              -.075772              -22.897979           

Variable# 2            124.255               .020493               .483561               12.750134           

Variable# 3            5.186627              .550345               .542066               20.590997           

Constant                                     .264055             

 

Endogenous            Mean                  SER                   R-sq                  LR-Multiplier        

Variable               5.265844              .012582               .996338               2.22392723310093    

 

                                                                            Residential Sector Scenarios: Electricity

File

Electricity Price +/- 25%

Total Households +/- 10%

Base

B

B

RSHEP07

H

B

RSLHH07

B

L

RSEL107

H

L

RSLEP07

L

B

RSHHH07

B

H

RSEL207

H

H

RSEL307

L

L

RSEL407

L

H

“H” = high variation, “L” = low variation, “B” = AEO2007 Base Case