3 ms·
As the wikipedia page points out, this assumes a highly price elastic good. Household energy use is not such a good, because most uses have fixed utility. Ver
by ethbr1 2y ago
As the wikipedia page points out, this assumes a highly price elastic good.
Household energy use is not such a good, because most uses have fixed utility.
Very few people are going to cool their house down to 10C because the price of cooling to 15C decreased.
Nor is their overall energy use budget-capped. (Outside of low income AC and/or heating use cases)
- mike_hearn 2y agoYou started by talking about electricity usage, which is fungible and elastic. There's no dedicated grid for household electricity so Jevons Paradox certainly applies.
- ethbr1 2y ago> Nor is their overall energy use budget-capped. (Outside of low income AC and/or heating use cases)