Changes in energy markets reduce regional effects of energy price movements
Rune Schmidt, Roger Dunstan
Abstract
Rune Schmidt, Roger Dunstan
Abstract
Changes in energy prices are having more equal effects on the residents of different regions than previously as consumption patterns adjust to natural gas deregulation and higher energy costs. Regions with a higher proportion of energy use, such as New England, have dropped their per capita consumption rates and have changed their mix of fuels. The extent of fuel switching becomes more apparent if electricity consumption is apportioned to the fuel used to generate power. Comparisons between the New England, East North Central, and West North Central regions show a decline in oil consumption for each and an increase in electricity use. 2 figures.
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Changes in energy prices are having more equal effects on the residents of different regions than previously as consumption patterns adjust to natural gas deregulation and higher energy costs. Regions with a higher proportion of energy use, such as New England, have dropped their per capita consumption rates and have changed their mix of fuels. The extent of fuel switching becomes more apparent if electricity consumption is apportioned to the fuel used to generate power. Comparisons between the New England, East North Central, and West North Central regions show a decline in oil consumption for each and an increase in electricity use. 2 figures.
Key concepts: Per capita, Electricity, Consumption (sociology), Economics, Energy consumption, Oil consumption, Deregulation, Oil and natural gas