January 23, 2021

Price Elasticity of Energy Use in the Residential and Commercial Sectors

(Thu, 14 Jan 2021) This paper describes how the Annual Energy Outlook 2020 (AEO2020) versions of EIA’s National Modeling System (NEMS) Residential and Commercial Demand Models responded to changes in delivered energy prices. Own-price and cross-price elasticities are described.

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