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Thermal and Economic Measures of Energy Use: Differences and Implications

Jean-Thomas Bernard and Pierre Cauchon

Year: 1987
Volume: Volume 8
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No2-9
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Statistical agencies often report aggregate energy use by expressing different energy types on a common basis with thermal conversion factors. Before the energy crisis of the 1970s Turvey and Nobay (1965) indicated some pitfalls associated with thermal conversion factors in the analysis of aggregate energy use. This point has been emphasized again by Berndt (1978). More recently Hong (1983) compared two Divisia indexes of energy use-one of the expenditure shares and the other with thermal shares-and he found the two indexes behaved differently in the United States from 1950 to 1978. The relationship between the relative prices of energy types, which change over time, and their relative thermal contents, which are usually taken to be constant, explains why these two measures of energy use follow different paths.

Electricity Exports and Hydro-Quebec's 1986-2000 Development Plan

Danny Manger and Jean-Thomas Bernard

Year: 1989
Volume: Volume 10
Number: Number 1
DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No1-12
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Between 1980 and 1986. Hydro-Quebec's electricity exports to neighboring utilities in the United States and Canada posted an average annual growth rate of 7.3 percent while regular electricity sales in Quebec increased by only 3.8 percent.' Exports accounted for 18.7 percent of the electricity sold by Hydro-Quebec and 13.9 percent of its income in 1986. The Premier of Quebec, Robert Bourassa, is strongly committed to a policy of promoting further firm electricity exports. mostly to the U.S. Northeast region.

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