Re: Consumers: This greed may spread across the USA

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Article #8676

#8676

From: Jeffrey Siegal
Date: Sat, 07 Apr 2001 14:11

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poboxdc@ix.netcom.com wrote:
> Does raising rates really discourage use and encourage people to 
> conserve?

It certainly does.  According the the US DOE, the elasticity of
residential electricity demand of is about 25% in the short term, rising
to about 50% after six months.  In other words, for every 10% increase
in prices, demand drops by about 2.5% in the short term and 5% after six
months (when people have had the opportunity to adopt additional
conservation practices, invest in more efficient appliances, etc.)

> Did gasoline prices ever go back down?

When?  After deregulation of domestic oil prices in the early 80's? 
Absolutely.  The mid 90s had gasoline prices, adjusted for inflation, at
their lowest levels since the early 70s.

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From: Jeffrey Siegal <jbs@quiotix.com>
Newsgroups: misc.consumers,misc.consumers.frugal-living,ca.general
Subject: Re: Consumers: This greed may spread across the USA
Date: Sat, 07 Apr 2001 07:11:08 -0700
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