Electricity in Economic Growth. by Unknown PDF

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Second, for the same industries the productivity growth arising from the technical change increases as electricity prices decrease, and conversely. Such effects are found for nonelectrical energy in even more industries. The decline in the real cost of electricity, which resulted in part from dramatic increases in the thermal efficiency of electric generation, increased electricity use and stimulated productivity growth until the early 1970s. The reversal in the decline of electricity costs, combined with a rise in the prices of primary fuels after the international oil price increases of 1973 and 1979, has permanently reduced productivity in many industries from what it would otherwise have been.

Energy Information Administration, 1984). * Gross energy, which refers to primary energy input, includes the energy lost in generating, transmitting, and distributing electricity, whereas net energy does not. About this PDF file: This new digital representation of the original work has been recomposed from XML files created from the original paper book, not from the original typesetting files. Page breaks are true to the original; line lengths, word breaks, heading styles, and other typesetting-specific formatting, however, cannot be retained, and some typographic errors may have been accidentally inserted.

Certainly, new housing is built to be more energy-efficient and many older houses are being retrofitted with energy-saving features. In addition, there is a trend toward manufacturing more energy-efficient appliances (Meyers and Schipper, 1984). Trends in Commercial Use of Electricity Electricity consumption in the commercial sector has grown faster than that in the other sectors since 1960 (Figure 2-7). 5-percent average annual growth rate) has been attributed to increases in the use of mechanical air-conditioning systems and to new standards for building illumination, which resulted in increased lighting requirements (Solar Energy Research Institute, 1981).

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Electricity in Economic Growth. by Unknown


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