Determining the Relationship between Residential Electricity Consumption and Factors: Case of Seoul

Min-Jeong Kim
Additional contact information
Min-Jeong Kim: Department of Consumer Economics, Sookmyung Women’s University, 100 Cheongpa-ro 47-gil, Yongsan-gu, Seoul 04310, Korea

Sustainability, 2020, vol. 12, issue 20, 1-14

Abstract: This paper aims to determine the relationship between residential electricity consumption and other factors by analyzing the correlation and multiple regression between residential electricity consumption and three variables which are known as the factors affecting residential electricity consumption. We used the electricity consumption, income, number of household members, and age of 25 autonomous districts in Seoul as data for analysis, assuming that the socio-demographic characteristics vary from district to district in Seoul. The results showed that the electricity consumption and the three variables each had a significant correlation. However, multiple regression analysis results showed that the income and the number of household members have an effect on electricity consumption, but the average age is not a factor influencing electricity consumption. The results of this study would be useful for understanding the characteristics of urban residential electricity consumption in situations where the needs for an increase in residential electricity rates are continuously coming out.

Keywords: residential electricity consumption; income; number of household members; age; correlation; multiple regression analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://www.mdpi.com/2071-1050/12/20/8590/pdf (application/pdf)
https://www.mdpi.com/2071-1050/12/20/8590/ (text/html)

Related works:
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:gam:jsusta:v:12:y:2020:i:20:p:8590-:d:429580

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().