How price responsive is industrial demand for natural gas in the United States?

被引：6

作者：

Li, Raymond ^{[1
]}

Woo, Chi-Keung ^{[2
]}

Tishler, Asher ^{[3
]}

Zarnikau, Jay ^{[4
]}

机构：

[1] Univ Canberra, Canberra Sch Polit Econ & Soc, Canberra, ACT, Australia

[2] Educ Univ Hong Kong, Dept Asian & Policy Studies, Hong Kong, Peoples R China

[3] Tel Aviv Univ, Coller Sch Management, IL-69978 Tel Aviv, Israel

[4] Univ Texas Austin, Dept Econ, Austin, TX 78712 USA

来源：

UTILITIES POLICY | 2022年 / 74卷

关键词：

Industrial natural gas demand; Price elasticity; Panel data analysis; Cross-section dependence; United States; ELECTRICITY; CONSUMPTION; ELASTICITIES; OIL; DECARBONIZATION; SHORTAGES; BEHAVIOR; BIOMASS; SECTOR; IMPACT;

D O I：

10.1016/j.jup.2021.101318

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

Our panel data analysis of the price responsiveness of industrial demand for natural gas in the United States utilizes five parametric specifications and 10,944 monthly observations for the lower 48 states in 2001-2019 to document statistically significant (p-value < 0.05) static own-price elasticity estimates of -0.027 to -0.062, short-run -0.029 to -0.125, and long-run -0.060 to -0.179. These estimates with relatively small absolute values support the continuation of energy efficiency standards and demand-side-management programs for deep decarbonization. Further, diverse price responsiveness among heterogeneous industrial customers suggests using demand-response programs to efficiently allocate the limited supply available during a natural gas shortage.

引用

页数：14

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