Total costs of energy services

David B. Reister and Warren D. Devine

Energy, 1981, vol. 6, issue 4, 305-315

Abstract: An energy service may be defined as a measure of the service actually provided to ultimate consumers by their own use of energy, quantified, for example, by using units of work or of heat at various temperatures. In this paper, we present estimates of total costs of 15 energy services for the year 1972. These costs include the cost of producing and distributing commercial forms of energy, the cost of the equipment that utilizes this energy in providing services, and the cost of operating and maintaining the end-use equipment. The overall cost of energy service in 1972 is estimated to be nearly $400 billion, a figure equal to magnitude to about one-third of the 1972 gross national product. Categories of energy services are identified in which major technological changes in the manner of providing the service might make the greatest difference in the overall cost of energy service.

Date: 1981
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:6:y:1981:i:4:p:305-315

DOI: 10.1016/0360-5442(81)90074-8

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