Abstract
Energy price changes over the last decade have brought the relationship between energy price and energy demand into focus. Knowledge of this relationship is important for both the formulation of energy conservation policies and energy demand forecasts. The needs for price and energy statistics to assess the price impacts on demand for energy and the individual energy goods have increased. These needs can be considered on the basis of the most common types of energy demand models and their uncertainty.
A meaningful energy demand model requires both energy and price data as regards the most important energy consuming sectors. Separate price information should be provided on each of the major energy goods.
The uncertainty associated with energy demand models and their use in forecasting has created a need for up-to-date information enabling frequent evaluation of the models. This concerns both energy and price statistics, and a regular provision of preliminary figures presents a challenge to energy statisticians.
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