Industrial electricity demand in New York State

John Gowdy

Energy, 1985, vol. 10, issue 5, 613-619

Abstract: We will discuss electricity demand in manufacturing industries in upstate New York. Empirical results are presented based on data obtained at the electric utility service area level for the years 1969–1981. The equations are based on a partial adjustment model including relevant input prices and industrial output by SIC group. The estimated coefficients have the expected signs and are for the most part, statistically significant. There is considerable variation in price and output elasticities among SIC groups and between service areas, which suggests that energy policy and industrial policy at the state level should be tailored to specific industries and perhaps to specific subregions within the state. Forecasts of industrial electricity demand are based on assumptions of prices and industrial output growth made by the utility companies themselves. A comparison of these forecasts with those made by the utility companies indicates that electricity demand forecasts are sensitive to the inclusion of alternative fuel prices and to the level of sectoral disaggregation.

Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:10:y:1985:i:5:p:613-619

DOI: 10.1016/0360-5442(85)90092-1

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