Demand Forecasting and Revenue Requirements, with Implications for Consideration in British Columbia.

摘要

This paper was filed as an exhibit on behalf of The Consumers' Association of Canada (B.C. Branch), The Federated Anti-Poverty Groups of B.C., The Sierra Club of Western Canada, and the B.C. Old Age Pensioners' Organization. It was subjected to cross-examination on October 29, 1982, during Phase I of the hearings. The Utilities Commission had designated Phase I for consideration of (1) demand, (2) assets in service, (3) revenue requirements excluding return, and (4) financing and capital requirements. This paper presents a general discussion of the elements of a rate structure and their relationship to the demand for electricity, a systematic review of some 50 empirical studies of the demand for electricity as a function of price and other factors by the three principal classes of customers, and a discussion of the notion of revenue requirements. The paper should be of interest to utility regulators, rate specialists, and forecasters for its review of demand models and to academics concerned with the study of energy demand.