Projected Electric Power Demands for the Allegheny Power System

摘要

This report presents a set of forecasts of electric power demands for the Allegheny Power System and each of its principal operting subsidiaries--The Monogahela Power Company, The West Penn Power Company and The Potomac Edison Company. It contains both the original forecast study performed in 1979 and an update completed in November 1981. Forecasts are based upon a series of econometric equations of energy and peak demand. Residential energy usage is explained by population, real income, electricity prices and weather, while commerical and industrial power demands are explained mainly by electricity prices, natural gas prices, manufacturing activity, employment and wage rates. Price elasticities vary by state and by company but average approximately -0.5 (long run).