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https://doi.org/10.21256/zhaw-23224| Publication type: | Article in scientific journal |
| Type of review: | Peer review (publication) |
| Title: | Estimating residential electricity demand : new empirical evidence |
| Authors: | Boogen, Nina Datta, Souvik Filippini, Massimo |
| et. al: | No |
| DOI: | 10.1016/j.enpol.2021.112561 10.21256/zhaw-23224 |
| Published in: | Energy Policy |
| Volume(Issue): | 158 |
| Issue Date: | 2021 |
| Publisher / Ed. Institution: | Elsevier |
| ISSN: | 0301-4215 1873-6777 |
| Language: | English |
| Subjects: | Residential electricity; Energy services; Instrumental variables; Correlated random effects; Switzerland |
| Subject (DDC): | 333.79: Energy |
| Abstract: | In this paper, we estimate the price elasticity of residential electricity consumption in Switzerland using a unique longitudinal household survey of around 5000 households. The survey contains information on a household's stock of appliances, use of appliances, and various socio-demographic characteristics. Our empirical model is derived from a variant of household production theory that posits electricity demand as being a derived demand for energy services. Based on this, we extend our basic model by using information on energy services, e.g. the amount of washing and the amount of cooking. We also use an instrumental variables approach to obtain consistent estimates of the price elasticity to account for potential endogeneity concerns with the average price. Our results indicate that the short-to medium-run price elasticity is around -0.7. This implies that policy makers concerned about reducing electricity consumption can use pricing policy, with a combination of other policies, to effectively reduce or, at least, stabilise electricity consumption in Switzerland. |
| URI: | https://digitalcollection.zhaw.ch/handle/11475/23224 |
| Fulltext version: | Published version |
| License (according to publishing contract): | CC BY 4.0: Attribution 4.0 International |
| Departement: | School of Management and Law |
| Organisational Unit: | Center for Energy and Environment (CEE) |
| Appears in collections: | Publikationen School of Management and Law |
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| 2021_Boogen_Estimating_residential_electricity_demand_Energy_Policy.pdf | 543.14 kB | Adobe PDF |  View/Open |
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Boogen, N., Datta, S., & Filippini, M. (2021). Estimating residential electricity demand : new empirical evidence. Energy Policy, 158. https://doi.org/10.1016/j.enpol.2021.112561
Boogen, N., Datta, S. and Filippini, M. (2021) ‘Estimating residential electricity demand : new empirical evidence’, Energy Policy, 158. Available at: https://doi.org/10.1016/j.enpol.2021.112561.
N. Boogen, S. Datta, and M. Filippini, “Estimating residential electricity demand : new empirical evidence,” Energy Policy, vol. 158, 2021, doi: 10.1016/j.enpol.2021.112561.
BOOGEN, Nina, Souvik DATTA und Massimo FILIPPINI, 2021. Estimating residential electricity demand : new empirical evidence. Energy Policy. 2021. Bd. 158. DOI 10.1016/j.enpol.2021.112561
Boogen, Nina, Souvik Datta, and Massimo Filippini. 2021. “Estimating Residential Electricity Demand : New Empirical Evidence.” Energy Policy 158. https://doi.org/10.1016/j.enpol.2021.112561.
Boogen, Nina, et al. “Estimating Residential Electricity Demand : New Empirical Evidence.” Energy Policy, vol. 158, 2021, https://doi.org/10.1016/j.enpol.2021.112561.
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