SHS Web Conf.
Volume 163, 20232023 8th International Conference on Social Sciences and Economic Development (ICSSED 2023)
|Number of page(s)
|Economic Trade and Financial Investment Analysis
|28 April 2023
Estimating the Price Elasticity of Natural Gas and Electricity in Pacific Northwest
Economic Department, Johns Hopkins University, zip code: 20036, USA
* Corresponding author: email@example.com
This paper estimates the price elasticity of electricity and natural gas in the Pacific Northwest. Electricity and natural gas are substitutes; and demands of different classes of consumers for the energy are price-inelasticity. The results are when the price of retail electricity and natural gas changes, consumers would choose the cheaper one to make up for the increased cost of another energy price. Consumers’ demand for energy is mainly stable, they won’t affect a lot by the change in energy prices.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0 (https://creativecommons.org/licenses/by/4.0/).
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