ELECTRICITY UNIT VALUE PRICES AND PURCHASE QUANTITIES: U.S. MANUFACTURING PLANTS, 1963-2000

• 成果类型: Article
• 署名作者: Davis, Steven J.; Grim, Cheryl; Haltiwanger, John; Streitwieser, Mary
• 署名单位: University of Chicago; National Bureau of Economic Research; American Enterprise Institute for Public Policy Research
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00309
• 发表日期: 2013-10
• 页码: 1150-1165
• 关键词: POWER; MARKETS

摘要

We measure unit value electricity prices using 2 million annual observations on U.S. manufacturing plants from 1963 to 2000. These prices display tremendous cross-sectional dispersion, 85-95% of which reflects differences by plant location and purchase quantity. Spatial differentials decline markedly until the late 1980s for large purchasers but rise over time for small purchasers. Unit value price gaps between larger and smaller purchasers are enormous, diminish through the late 1970s, and then stabilize at still-high levels. There are major differences across states in cost and regulatory factors that we relate to the changing structure of unit value prices.