气候变化领域集成服务门户(CCPortal): Energy price reform in Saudi Arabia: Modeling the economic and environmental impacts and understanding the demand response

CCPortal

DOI	10.1016/j.enpol.2020.111941
	Energy price reform in Saudi Arabia: Modeling the economic and environmental impacts and understanding the demand response
	Aldubyan M.; Gasim A.
发表日期	2021
ISSN	03014215
卷号	148
英文摘要	Saudi Arabia has regulated domestic energy prices for decades, setting them below international market levels. Energy subsidies in Saudi Arabia are generally implicit because they lead to foregone revenues for the government. Low energy prices also encourage rapid energy demand growth and wasteful consumption, while limiting incentives to invest in energy efficiency. Saudi Arabia recently started to reform energy prices, leading to large increases in gasoline and residential electricity prices in 2018. To measure the economic and environmental impacts of energy price reform, we econometrically model gasoline and residential electricity demand using Harvey's (1990) Structural Time Series Model. Our estimated equations reveal that gasoline demand and residential electricity demand in Saudi Arabia are strongly price and income inelastic, despite the major reforms that were recently implemented. Our welfare analysis also shows that the energy price reforms in 2018 in gasoline and residential electricity respectively delivered welfare gains of 8.8 and 3.8 billion SAR annually (2.3 and 1.0 billion US$). Additionally, our decomposition analysis reveals that these energy price reforms were the largest contributors to the observed decreases in gasoline and residential electricity consumption in 2018. © 2020 The Authors
关键词	Energy price reform Energy subsidies Gasoline Residential electricity Saudi Arabia
英文关键词	Costs; Economic analysis; Economic and social effects; Electric power utilization; Energy efficiency; Gasoline; Housing; International trade; Decomposition analysis; Energy subsidies; International markets; Residential electricity; Residential electricity consumption; Residential Electricity demands; Structural time series models; Wasteful consumption; Environmental impact; energy market; energy policy; environmental impact; gas trade; policy reform; price determination; price dynamics; subsidy system; Saudi Arabia
语种	英语
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/204988
作者单位	King Abdullah Petroleum Studies and Research Center (KAPSARC), Riyadh, Saudi Arabia
推荐引用方式 GB/T 7714	Aldubyan M.,Gasim A.. Energy price reform in Saudi Arabia: Modeling the economic and environmental impacts and understanding the demand response[J],2021,148.
APA	Aldubyan M.,&Gasim A..(2021).Energy price reform in Saudi Arabia: Modeling the economic and environmental impacts and understanding the demand response.Energy Policy,148.
MLA	Aldubyan M.,et al."Energy price reform in Saudi Arabia: Modeling the economic and environmental impacts and understanding the demand response".Energy Policy 148(2021).