# Electric heating and Heat pumps, air conditioning and refrigeration

Their prices have moved together.

Source page: https://www.materialinsights.org/links/electric-heating-and-heat-pumps-air-conditioning-and-refrigeration/

[Electric heating](https://www.materialinsights.org/energy/e_electric_heat/) (energy) and [Heat pumps, air conditioning and refrigeration](https://www.materialinsights.org/energy/e_heat_pumps/) (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.