Household Electricity Demand, Revisited

Peter C. Reiss and Matthew W. White

No 8687, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Recent efforts to restructure and partially deregulate electricity markets have renewed interest in understanding how consumers respond to price changes. Several interrelated problems complicate demand analyses of these markets, including nonlinear pricing, heterogeneity in households' price sensitivities, and data aggregation. This paper formulates a model of household electricity demand that addresses these difficulties. We estimate the model using data for a representative sample of California households, and summarize how electricity demand elasticities vary in that state. We then use the model to analyze the electricity consumption and expenditure effects of recent tariff structure changes in California.

JEL-codes: C4 L5 (search for similar items in EconPapers)
Date: 2001-12
New Economics Papers: this item is included in nep-ene, nep-mic and nep-res
Note: IO EEE
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Citations: View citations in EconPapers (8)

Published as Reiss, Peter C. and Matthew W. White. "Household Electricity Demand, Revisited." Review of Economic Studies 72, 3 (July 2005): 853-83.

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