Residential Demand for Electric Energy in Chile
AbstractIn Chile, where demand for energy is constantly growing and which faces a stochastic energy supply, it is important to identify the determinants of household demand for electric energy. In particular, it is necessary to precisely identify its price elasticity with the goal of implementing pricing flexibility mechanisms to reduce potential energy shortages. This paper estimates the residential electricity demand using disaggregated data at the household level and explicitly considering the substitution role of liquefied petroleum gas, all of which is an improvement with respect to other studies for Chile. The results are fairly consistent with previous research, showing a price elasticity quite inelastic but that would allow implementing a policy of demand management as part of an energy efficiency policy to deal with negative electric energy supply shocks in Chile.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Central Bank of Chile in its journal Economía Chilena.
Volume (Year): 15 (2012)
Issue (Month): 3 (December)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Carlos Díaz & Alexander Galetovic & Raimundo Soto, .
"Anatomía de una Crísis Eléctrica,"
ILADES-Georgetown University Working Papers
inv122, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
- Zarnikau, Jay, 2003. "Functional forms in energy demand modeling," Energy Economics, Elsevier, vol. 25(6), pages 603-613, November.
- Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
- Halvorsen, Bente & Larsen, Bodil M., 2001. "The flexibility of household electricity demand over time," Resource and Energy Economics, Elsevier, vol. 23(1), pages 1-18, January.
- Robert Bartels & Denzil G. Fiebig, 2000. "Residential End-Use Electricity Demand: Results from a Designed Experiment," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 51-81.
- José Miguel Benavente & Alexander Galetovic & Ricardo Sanhueza & Pablo Serra, 2005. "El costo de la falla residencial en Chile: una estimación usando la curva de demanda," Revista de Analisis Economico – Economic Analysis Review, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines, vol. 20(2), pages 23-40, December.
- Dubin, Jeffrey A & McFadden, Daniel L, 1984. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption," Econometrica, Econometric Society, vol. 52(2), pages 345-62, March.
- Massimo Filippini, 1999. "Swiss residential demand for electricity," Applied Economics Letters, Taylor & Francis Journals, vol. 6(8), pages 533-538.
- Zachariadis, Theodoros & Pashourtidou, Nicoletta, 2007. "An empirical analysis of electricity consumption in Cyprus," Energy Economics, Elsevier, vol. 29(2), pages 183-198, March.
- Bose, Ranjan Kumar & Shukla, Megha, 1999. "Elasticities of electricity demand in India," Energy Policy, Elsevier, vol. 27(3), pages 137-146, March.
- Glauco De Vita & Klaus Endresen & Lester C. Hunt, 2005.
"An Empirical Analysis of Energy Demand in Namibia,"
Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS)
110, Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey.
- Wills, John, 1981. "Residential demand for electricity," Energy Economics, Elsevier, vol. 3(4), pages 249-255, October.
- Nasr, G. E. & Badr, E. A. & Dibeh, G., 2000. "Econometric modeling of electricity consumption in post-war Lebanon," Energy Economics, Elsevier, vol. 22(6), pages 627-640, December.
- Yoo, Seung-Hoon & Lee, Joo Suk & Kwak, Seung-Jun, 2007. "Estimation of residential electricity demand function in Seoul by correction for sample selection bias," Energy Policy, Elsevier, vol. 35(11), pages 5702-5707, November.
- Dahl, Carol A., 1993. "A survey of energy demand elasticities in support of the development of the NEMS," MPRA Paper 13962, University Library of Munich, Germany.
- Michael Parti & Cynthia Parti, 1980. "The Total and Appliance-Specific Conditional Demand for Electricity in the Household Sector," Bell Journal of Economics, The RAND Corporation, vol. 11(1), pages 309-321, Spring.
- Filippini, Massimo & Pachauri, Shonali, 2004.
"Elasticities of electricity demand in urban Indian households,"
Elsevier, vol. 32(3), pages 429-436, February.
- Massimo Filippini & Shonali Pachauri, 2002. "Elasticities of Electricity Demand in Urban Indian Households," CEPE Working paper series 02-16, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Rómulo Chumacero & Ricardo Paredes & José Miguel Sánchez, 2000. "Regulación para Crisis de Abastecimiento: Lecciones del Racionamiento Eléctrico en Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 37(111), pages 323-338.
- Galindo, Luis Miguel, 2005. "Short- and long-run demand for energy in Mexico: a cointegration approach," Energy Policy, Elsevier, vol. 33(9), pages 1179-1185, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Claudio Sepulveda).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.