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We argue for the resurrection of an old idea: electricity use as an indicator of U.S. economic activity. Our analysis … relies on associations - the 40-year correlation between growth rates in real GDP and electricity use can be as high as 89 …% - and intuition. Electricity use and economic conditions should move together. The vast majority of goods and services are …
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Accurate projections of electricity demand growth by end-use customer class (residential, commercial, industrial) are … necessary for energy policy modelling, resource planning, and electricity pricing and procurement. Motivated by the expected … trend of rising retail electricity prices in the US and diverse price elasticity estimates found by extant studies, we …
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