Long-term developments of energy pricing and consumption in industry

Researchers at the Paul Scherrer Institute PSI have collaborated with British economists to study how energy consumption by Swiss industry develops depending on energy pricing. To this end, they examined in particular the prices and consumption of both electricity and natural gas over the past decades. One result: For the most part, price increases have only long-term effects on energy consumption. Furthermore, the researchers worked out possible scenarios for future development up to the year 2050 in which they address, among other things, aspects of climate protection. Today the researchers are publishing their results in the report "Swiss Industry: Price Elasticities and Demand Developments for Electricity and Gas."

from Energy & Green Tech News - Energy Sciences News, Green Tech, Energy, Energy Science https://ift.tt/2SALzV5

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