Document: NUREG-1555
Document ID: edddea47-82cf-4080-b446-54a1ee9f97cc
Document Type: esrp
Title: FACTORS AFFECTING GROWTH OF DEMAND
Source: NUREG-1555
Source URL: https://www.nrc.gov/reading-rm/doc-collections/nuregs/staff/sr1555/initial/
Revision Date: 2007-10
Chapter: 8
Section ID: 8.2.2
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CFR Title: 

Content:
share. (5) Determine the extent to which the future substitution between electrical energy and fuels such as oil and natural gas may tend to increase or decrease the demand for electric power and thus offset or reinforce the impacts of energy efficiency measures. NUREG-1555 8.2.2-6 October 1999 (6) Consider any estimates developed by the applicant with respect to the impact of substitution on realized growth rate and determine any adjustments to growth forecasts that may have been made to reflect the substitution. (7) Consider the following factors as they contribute to electricity demand growth: (a) the extent to which technological breakthroughs, government legislation and subsidies, and large energy efficiency investments may provide greater energy efficiency savings than have been experienced in the past (b) the extent to which energy sources (e.g., synthetic natural gas) or energy conversion systems (e.g., solar space heating) currently under development may reasonably be expected to compete with the use of electricity. Consult with the reviewer of ESRP 9.2 to complete this portion of the review. (c) the possibility that long-term savings may not be particularly significant (d) the possibility that improvements in energy efficiency would result in decreased use of electric power (e) the possibility of “double counting” energy savings (e.g., energy efficiency is an economic response). Price and Rate Structure (1) Determine how and to what extent the applicant has considered price response in demand forecasts. (a) Where the applicant has developed and/or used an econometric model, identify the applicant’s price elasticities, forecasted growth rates for the price of electricity, and treatment of price competition. (b) Obtain independent forecasts of growth in the real price of electricity. (c) Compare these forecasts with the treatment of price in the applicant’s analysis. (2) Consider the effects of price competition and alternative rate structures that