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Household and industrial electricity demand in Europe
Högskolan Dalarna, Akademin Industri och samhälle, Mikrodataanalys. Dalarna University.ORCID-id: 0000-0002-9748-9572
Högskolan Dalarna, Akademin Industri och samhälle, Mikrodataanalys. Dalarna University.ORCID-id: 0000-0001-8599-7185
2018 (engelsk)Inngår i: Energy Policy, ISSN 0301-4215, E-ISSN 1873-6777, Vol. 122, s. 592-600Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

This paper examines the electricity demand, and its determinants, in 29 European countries during the liberalization of the electricity market. Based on panel data for these countries for the years 1995–2015 and using a dynamic partial adjustment model, price elasticities are estimated for both residential and industrial electricity demand. These elasticities and effects of other variables on electricity consumption are estimated using both GMM (generalized method of moments) and ML (maximum likelihood) approaches. It is found that the price elasticities are very small, especially in the short run, while the income elasticities are relatively large, especially for households and in the long run.

sted, utgiver, år, opplag, sider
Elsevier, 2018. Vol. 122, s. 592-600
Emneord [en]
Electricity demand, Price elasticity, Europe EU-29, GMM, ML
HSV kategori
Forskningsprogram
Komplexa system - mikrodataanalys
Identifikatorer
URN: urn:nbn:se:du-28385DOI: 10.1016/j.enpol.2018.07.060ISI: 000447576700055Scopus ID: 2-s2.0-85051807312OAI: oai:DiVA.org:du-28385DiVA, id: diva2:1241127
Tilgjengelig fra: 2018-08-22 Laget: 2018-08-22 Sist oppdatert: 2018-11-01bibliografisk kontrollert

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