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BY: Grace Ownbey. how does temperature effect total energy consumption?. Motivation. Helps energy companies save $$$ To help consumers see if they are paying more money for the same amount of energy. Research Questions. How does climate effect trade?
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BY: Grace Ownbey how does temperature effect total energy consumption?
Motivation • Helps energy companies save $$$ • To help consumers see if they are paying more money for the same amount of energy.
Research Questions • How does climate effect trade? • How does temperature effect total energy consumption? • Hypothesis- • Temperature accounts for 70% of total energy consumption.
Methods and Data • Annual Average temperature, Cooling degree days, Heating degree days and Sum of degree days(NC State climate office) • Set of total energy consumption data with smaller sub sets of data (State energy Data System) from NC • ESTCP- Electricity total consumption • RFTCP- Residual fuel oil total consumption, • NGRCP-Natural gas total consumption • Years 1960-2009 • Compared the sets of data by finding the correlation between them and there detrended values
Background Information Cooling Degree days-CDD Heating Degree days-HDD
Key • HDD= heating degree days • CDD= cooling degree days • SADD= sum of annual degree days • AV temp= average temperature • Fitted Total= normalized Energy consumption • Fitted ESTCP KKWH= Electricity Total Consumption
Discussion • Temperature effects energy consumption by about 50% • The research rejected my hypothesized 70% but supported the facet that it does have some affect • Didn’t account for other ways of heating and power such as… • propane • solar power • wood burning • wind power • If theses were taken into account how much of a difference would it make?
Future Research • How does temperature effect agricultural trade? • How do storms effect trade? • How does the effect of temperature on energy trade effect the price of energy? • How do natural disasters effect agricultural trade? • How do hurricanes effect the economy of the places they hit? • How does climate effect energy trade? • How does climate effect energy consumption?
Approach • Total energy consumption and temperature correlated over 50, 30, and then 20 years • There seemed to be more of a pattern during the last 30 years and the correlations for the most part increased • Since the 30 year period increased the correlations, I correlated the 20 year period
Results • The research rejected my hypothesized 70% but supported the facet that it does have some affect • Temperature effects energy consumption by about 50%