The choice of space heating system and energy consumption in Norwegian household
Working paper
Åpne
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https://hdl.handle.net/11250/2673566Utgivelsesdato
1993-12Metadata
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- Discussion Papers [1003]
Sammendrag
The procurement of space heating equipment is modelled jointly with the intensity of use. Annualized capital cost ("user cost of capital") is found to have a significant impact on the procurement decision. This impact constitutes an important part of the effect of income on intensity of use; i.e. on energy demand. In the model other indirect effects of income are accounted for. The total income elasticity in energy demand is found to be rather low. The energy price elasticity is within the range of estimates reported in recent studies.