|Title||Estimating Marginal Residential Energy Prices in the Analysis of Proposed Appliance Energy Efficiency Standards|
|LBNL Report Number||LBNL-44230|
|Year of Publication||2000|
|Authors||Chaitkin, Stuart, James E. McMahon, Camilla Dunham, Robert D. Van Buskirk, and James D. Lutz|
|Date Published||March 1|
|Publisher||Lawrence Berkeley National Laboratory|
Use of marginal energy prices, instead of average energy prices, represents a theoretically valuable and challenging refinement to the usual life-cycle cost analysis conducted for proposed appliance energy efficiency standards. LBNL developed a method to estimate marginal residential energy prices using a regression analysis based on a nationally representative sample of actual consumer energy bills. Based on the 1997 Residential Energy Consumption Survey (RECS), national mean marginal electricity prices were estimated to be 2.5% less than average electricity prices in the summer and 10.0% less than average prices in the non-summer months. For natural gas, marginal prices were 4.4% less than average prices in the winter and 15.3% less than average prices in the non-winter months.
Conference Paper, Proceedings of the ACEEE Summer Study on Energy Efficiency in Buildings, 9, 2, 2000