How Much do Households Respond to Electricity Prices? Evidence from Australia and Abroad

Lorraine Conway and David Prentice

Economic Papers, 2020, vol. 39, issue 3, 290-311

Abstract: In this paper, we review studies to understand how much households change their electricity consumption when there is a price change. Many studies find residential households have long‐term and short‐run elasticities behaving as economic theory would suggest. Long‐run elasticities range from −0.75 to −0.3, and short‐run elasticities range from −0.47 to −0.026. Household responsiveness seems to increase when paired with technology. The major gaps in research from the empirical economic literature are how low‐income and vulnerable Australian households could be affected by price changes and how Australians respond to within‐day variation in prices.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/1759-3441.12284

Related works:
Working Paper: How much do households repond to electricity prices? Evidence from Australia and abroad (2019)
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:bla:econpa:v:39:y:2020:i:3:p:290-311

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0812-0439

Access Statistics for this article

Economic Papers is currently edited by Professor Guay Lim

More articles in Economic Papers from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().