Residential Sector Demand Elasticities

(t-statistics in parentheses)

Energy Source

Own-Price

Elasticity

Total Households

Elasticity

Lag Q

R2

Electricity

-.076

(-22.9)

.484

(12.8)

.542

(20.6)

 

.996

Natural Gas

-.086

(-27.4)

.694

(10.2)

.597

(28.6)

 

.993