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| DOI | 10.1016/j.enpol.2019.111079 |
| Price and income elasticities of residential and industrial electricity demand in the European Union | |
| Csereklyei Z. | |
| 发表日期 | 2020 |
| ISSN | 0301-4215 |
| 卷号 | 137 |
| 英文摘要 | This study examines the short- and long-run price and income elasticities of residential and industrial electricity demand in the European Union between 1996 and 2016. Instrumental variable models using the between estimator, as well as dynamic panel models are employed to present robust estimates, and to assess the impact of different methodologies on the reported elasticities. The long-run price elasticity of residential electricity consumption is estimated between −0.53 and −0.56. These elasticities are more inelastic than that of industrial electricity use, which is reported between −0.75 and −1.01. The choice of different econometric methodologies has only moderate impact on the estimates. While long-run residential income elasticity estimates are moderately inelastic and estimated around 0.61, industrial electricity use tends to be closely tied to income, with elasticities between 0.76 and 1.08. Electricity demand in all sectors is highly price and income inelastic in the short run. Additionally, population density, temperatures, and policy measures also influence sectoral electricity use. The above estimates can aid the design of European energy and environmental policy. © 2019 Elsevier Ltd |
| 英文关键词 | Electricity demand; European Union; Income elasticity; Price elasticity |
| 学科领域 | Economic analysis; Electric power utilization; Environmental protection; Housing; Population statistics; Econometric methodologies; Electricity demands; European union; Income elasticities; Industrial electricity demands; Instrumental variables; Price elasticity; Residential electricity consumption; Elasticity; demand-side management; energy use; environmental policy; European Union; income distribution; price dynamics; residential energy; Europe |
| 语种 | 英语 |
| scopus关键词 | Economic analysis; Electric power utilization; Environmental protection; Housing; Population statistics; Econometric methodologies; Electricity demands; European union; Income elasticities; Industrial electricity demands; Instrumental variables; Price elasticity; Residential electricity consumption; Elasticity; demand-side management; energy use; environmental policy; European Union; income distribution; price dynamics; residential energy; Europe |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/118202 |
| 作者单位 | School of Economics, Finance and Marketing, RMIT University, B80, 445 Swanston Street, Melbourne, VIC 3000, Australia |
| 推荐引用方式 GB/T 7714 | Csereklyei Z.. Price and income elasticities of residential and industrial electricity demand in the European Union[J],2020,137. |
| APA | Csereklyei Z..(2020).Price and income elasticities of residential and industrial electricity demand in the European Union.Energy Policy,137. |
| MLA | Csereklyei Z.."Price and income elasticities of residential and industrial electricity demand in the European Union".Energy Policy 137(2020). |
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