|
Table II
|
| Output Expansion | Seasonal Cycle |
Full-Utilization of Conventional Steam |
Long-Run Competitive Equilibrium |
| Percentage Change in Consumption | 13.4 % |
25.5% |
42.4% |
| Overall Reduction in Price | .9 ¢/kwh |
1.8 ¢/kwh |
3.0 ¢/kwh |
| Reduction in Price for Residential Consumers | 1.1 ¢/kwh |
2.2 ¢/kwh |
3.6 ¢/kwh |
| Gain in Consumer Surplus | $22.1 billion annually |
$57.6 billion annually |
$107.6 billion annually |
| Gain in Social Welfare | $1.9 billion annually |
$7.5 billion annually |
$24.3 billion annually |
| **Decline in Average Bill to Residential Consumers | $9.50 per month per household |
$18.00 per month per household |
$30.00 per month per household |
| Decline in Average Bill to Commercial Consumers* | $57.32 per month per user |
$109.07 per month per user |
$181.36 per month per user |
| Decline in Average Bill to Industrial Consumers* | $947.66 per month per user |
$1,803.38 per month per user |
$2,998.57 per month per user |
* Current consumption rate is held constant