Energy Substitution Modelling

Patricia Renou-Maissant

Chapter 7 in The Econometrics of Energy Systems, 2007, pp 146-167 from Palgrave Macmillan

Abstract: Abstract The analysis of substitution among energy sources remains one of the main issues in energy economy and policy. The extent of substitution in energy demand can bring about important changes in energy balance sheets and cause profound changes in energy supply. An obvious example is the substitution of oil for natural gas, which has occurred in many countries over the last 30 years, in power generation, industry and households.

Keywords: Price Elasticity; Energy Price; Cost Share; Energy Substitution; Flexible Functional Form (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230626317_7

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