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Household and industrial electricity demand in Europe
Dalarna University, School of Technology and Business Studies, Microdata Analysis. Dalarna University.ORCID iD: 0000-0002-9748-9572
Dalarna University, School of Technology and Business Studies, Microdata Analysis. Dalarna University.ORCID iD: 0000-0001-8599-7185
2018 (English)In: Energy Policy, ISSN 0301-4215, E-ISSN 1873-6777, Vol. 122, p. 592-600Article in journal (Refereed) 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.

Place, publisher, year, edition, pages
Elsevier, 2018. Vol. 122, p. 592-600
Keywords [en]
Electricity demand, Price elasticity, Europe EU-29, GMM, ML
National Category
Economics
Research subject
Complex Systems – Microdata Analysis
Identifiers
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
Available from: 2018-08-22 Created: 2018-08-22 Last updated: 2018-11-01Bibliographically approved

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Cialani, Catia

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