Household electricity demand in Latin America and the Caribbean: A meta-analysis of price elasticity

Maria Florencia Zabaloy and Valentina Viego ()

Utilities Policy, 2022, vol. 75, issue C

Abstract: Studying the price elasticity of demand is essential when considering rate policies in the electricity sector. This research aims to perform a meta-analysis and a meta-regression of the price elasticity of electricity demand for the residential sector in Latin American and Caribbean countries. Results show that the true value of the short-term price elasticity is between −0.197 and −0.468 and, for the long-term, is between −0.252 and −0.331. Findings differ substantially when studies are classified by their quality in econometric procedures. The long-term price elasticity seems to be lower than estimates found for other regions.

Keywords: Price elasticity; Electricity demand; Residential sector; Meta-analysis; Latin America and the Caribbean (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:75:y:2022:i:c:s0957178721001673

DOI: 10.1016/j.jup.2021.101334

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