State energy price projections for the residential sector, 1993--1994
The purpose of tills report, State Energy Price Projections for the Residential Sector, 1993--1994, is to provide projections of State-level residential prices for 1993 and 1994 for the following fuels: electricity, natural gas, heating oil, liquefied petroleum gas (LPG), kerosene, and coal. Prices for 1992 are also included for comparison purposes. This report also explains the methodology used to produce estimates and the limitations. This report is provided at the request of the Administration for Children and Families, US Department of Health and Human Services, which provides State grants to assist eligible households in meeting the costs of home energy use for space heating or cooling under the Low Income Home Energy Assistance Program (LIHEAP). Funds for LIHEAP are allocated according to each State`s share of home energy expenditures by low income households, if Congress allocates more than $1.975 billion for LIHEAP. Whenever less than $1.975 billion is allocated for LIHEAP, funds are allocated based on the allotment percentages for fiscal year 1984. This has been the case for the last several years. Each State`s share of the funds above $1.975 billion is determined using a formula based, in part, on the price estimates in this report. Several data sources and factors are used in deriving estimates on each State`s share of home energy expenditures by low-income households. One such factor is State-level residential energy prices. The State-level residential energy price projections presented in this report are derived from a set of forecasting equations estimated for each State, based on annual time series data from the Energy Information Administration`s (EIA) State Energy Price and Expenditure Report (SEPER) database, the EIA Natural Gas Monthly (NGM), the EIA Petroleum Marketing Annual (PMA), and the EIA Electric Power Monthly (EPM).
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|Subject:||energy planning, policy and economy | FUELS | PRICES | LOW INCOME GROUPS | FINANCIAL ASSISTANCE | FORECASTING | ELECTRICITY | NATURAL GAS | HEATING OILS | LIQUEFIED PETROLEUM GASES | KEROSENE | COAL|
|Type of publication:||Other|
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