Deriving Electricity Demand Elasticities from a Simulation Model

M.F. Morss and J.L. Small

The Energy Journal, 1989, vol. 10, issue 3, 51-76

Abstract: The paper reports a method of estimating aggregate residential electricity demand elasticities with respect to price and household income. Short-run models of electricity use and linear probability models of equipment ownership are developed using household data. These are incorporated in a model that simulates the development of the stock of dwellings and electricity-using equipment through time to derive short and long-run price and income elasticities. Results for a wide range of equipment types are presented. Test results reveal the influence of dwelling stock dynamics on long-run aggregate elasticities that have not been reported in other studies.

Keywords: Electricity demand elasticities; Simulation model; Household data (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:10:y:1989:i:3:p:51-76

DOI: 10.5547/ISSN0195-6574-EJ-Vol10-No3-4

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