The Relationship between Electricity Prices and Electricity Demand, Economic Growth, and Employment

Authors

John Garen, University of KentuckyFollow
Christopher Jepsen, University of KentuckyFollow
James Saunoris, University of KentuckyFollow

Abstract

There is growing concern over the emissions of greenhouse gases in the United States. Policymakers at both the state and national levels have discussed, and in some cases enacted, policies with the goals of reducing energy demand and encouraging the use of more efficient energy technologies. Because these policies will have an effect on the cost of energy, a quantitative examination of the energy demand is warranted.

In this project, we estimate the likely effects of increased electricity prices on the demand for electricity, production as measured by Gross State Product (GSP), and employment.

Document Type

Report

Publication Date

10-19-2011

Notes/Citation Information

Prepared for: Kentucky Department for Energy Development and Independence Coal Education Grant RFP Number 127 1000000441.

Repository Citation

Garen, John; Jepsen, Christopher; and Saunoris, James, "The Relationship between Electricity Prices and Electricity Demand, Economic Growth, and Employment" (2011). CBER Research Report. 3.
https://uknowledge.uky.edu/cber_researchreports/3