Theoretical Framework for Industrial Electricity Consumption Revisited

Fakhri Hasanov
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Fakhri Hasanov: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Policymakers should expect that the energy price reform in Saudi Arabia will reduce industrial electricity consumption. However, this reduction will be slight as the price effect is found to be very small. At the same time, policymakers should be aware that the increasing population aged 15-64, and all those over 15, will lead to an increase in industrial electricity consumption. Lastly, the estimations show that industrial electricity consumption will fully absorb shocks including policy interventions in less than a year.

Keywords: Cointegration; Demography; Electricity consumption; Electricity demand; Equillibrium correction (search for similar items in EconPapers)
Pages: 63
Date: 2019-11-24
New Economics Papers: this item is included in nep-ara, nep-ene and nep-reg
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Citations: View citations in EconPapers (7)

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https://www.kapsarc.org/research/publications/theo ... nsumption-revisited/ First version, 2019

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2019-dp66

DOI: 10.30573/KS-2019-DP66

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