Electric heating and Heat pumps, air conditioning and refrigeration

Their prices have moved together.

Electric heating (energy) and Heat pumps, air conditioning and refrigeration (energy): 1 relationship.

How they are linked

1. Price link: competing heating

Cost and price · Strong · Both ways

Heat pumps deliver several units of heat per unit of electricity, so they compete with resistance heating wherever power is costly. Monthly moves correlate at 0.42 and yearly at 0.85, a common driver from US equipment manufacturing costs.

• 0.42 monthly change correlation
• 0.85 12-month change correlation
• 0.76 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.