Estimación de la Elasticidad-Precio de Corto Plazo de la Demanda de Electricidad en República Dominicana

An Estimation of the Short-Run Price Elasticity of Electricity Demand in the Dominican Republic

Ivan Guzman and Ricardo Salazar

MPRA Paper from University Library of Munich, Germany

Abstract: This paper presents a theoretical model for the optimization of the decision-making process of power purchase of the electric utility companies of the Dominican Republic, taking into account the demand of end-users of the service, the short-term marginal cost of energy in the wholesale power market, and the budgetary constraints of the utility companies. This model was applied to estimate the short-term price elasticity of electricity demand for the three largest electric utility companies of the Dominican Republic, during the period 2007-2016; this evaluation was made using time series analysis techniques. The elasticities estimated were in the range of -0.012 to -0.018. It is also explored if these values undergo intraday variations. The paper closes outlining some welfare implications of the results obtained as well as policy recommendations.

Keywords: Power Markets; Economics of Regulation; Electricity Demand; Electric Utilities (search for similar items in EconPapers)
JEL-codes: L11 L13 L43 L52 L94 (search for similar items in EconPapers)
Date: 2017-07
New Economics Papers: this item is included in nep-ene and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/92083/1/MPRA_paper_92083.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92083

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().