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Assessing energy demand elasticity of major industrial producers in Russia
The author applies a technique of cross-regression analysis to the energy balances of Russian regions to assess the long-term energy demand elasticity, and concludes that most of producing sectors of the economy have a high long-term elasticity of energy demand and electric capacity. The energy demand elasticity is also assessed in relation to the level of business activity in such sectors. The high values of this indicator show the increasing electrification of industries and application of more energy.
Keywords: energy demand long-term elasticity energy prices in Russian regions cross-regression analysis
