Modeling the residential electricity demand in the US

Afees Salisu, Oluwatomisin Oyewole and Lateef Akanni

No 42, Working Papers from Centre for Econometric and Allied Research, University of Ibadan

Abstract: In this paper, we estimate a demand model for electricity in the US residential sector using both the 2009 and 2015 (RECS). We find socio-economic characteristics and building patterns of households as the main drivers of residential electricity demand in the US. Also, controlling for regional and climatic effects is found to enhance the performance of the estimated models. Our results are further complemented with plausible scenario analyses and robustness checks.

Keywords: Electricity consumption; US residential sector; Demand analysis (search for similar items in EconPapers)
Pages: 22 pages
Date: 2018-01
New Economics Papers: this item is included in nep-ene and nep-ure
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