%0 Report
%A Stuart Chaitkin
%A James E McMahon
%A Camilla Dunham
%A Robert D Van Buskirk
%A James D Lutz
%C Berkeley
%D 2000
%G eng
%I Lawrence Berkeley National Laboratory
%T Estimating Marginal Residential Energy Prices in the Analysis of Proposed Appliance Energy Efficiency Standards
%2 LBNL-44230
%8 03/2000
%X <p>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.</p>