The hourly income elasticity of electricity

Mattias Vesterberg

Energy Economics, 2016, vol. 59, issue C, 188-197

Abstract: Using a detailed data set on appliance-level electricity consumption at the hourly level, we provide the first estimates of hourly and end-use-specific income elasticities for electricity. Such estimates are informative about how consumption patterns in general, and peak demand in particular, will develop as households' income changes. We find that the income elasticities are highest during peak hours for kitchen and lighting, with point estimates of roughly 0.4, but insignificant for space heating.

Keywords: Direct metering; Residential electricity demand; Real time pricing (search for similar items in EconPapers)
JEL-codes: C30 D12 Q26 Q41 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:59:y:2016:i:c:p:188-197

DOI: 10.1016/j.eneco.2016.08.014

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