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Estimation of elasticity price of electricity with incomplete information

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  • Labandeira, Xavier
  • Labeaga, José M.
  • López-Otero, Xiral

Abstract

The sharp increase in energy prices and growing concern for environmental issues, among other things, are behind the renewed interest in energy demand estimation. However, there is scarce academic literature that takes real situation of energy suppliers into account: high quality but incomplete data. In this paper, we propose a useful and rather simple instrument for estimating electricity demand with the incomplete and/or imperfect data currently available to suppliers. In particular, using real expenditure and consumption data on electricity, we employ a model of random effects for panel data to estimate residential and industrial electricity demand in Spain.

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Bibliographic Info

Article provided by Elsevier in its journal Energy Economics.

Volume (Year): 34 (2012)
Issue (Month): 3 ()
Pages: 627-633

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Handle: RePEc:eee:eneeco:v:34:y:2012:i:3:p:627-633

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Web page: http://www.elsevier.com/locate/eneco

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Keywords: Electricity demand; Microeconometrics; Panel data;

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References

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Citations

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Cited by:
  1. Xavier Labandeira & José M. Labeaga & Xiral López-Otero, 2011. "Energy Demand for Heating in Spain: An Empirical Analysis with Policy Purposes," Working Papers 06-2011, Economics for Energy.
  2. Blázquez Gomez, Leticia M. & Filippini, Massimo & Heimsch, Fabian, 2013. "Regional impact of changes in disposable income on Spanish electricity demand: A spatial econometric analysis," Energy Economics, Elsevier, vol. 40(S1), pages S58-S66.
  3. Blazquez Leticia & Nina Boogen & Massimo Filippini, 2012. "Residential electricity demand for Spain: new empirical evidence using aggregated data," CEPE Working paper series 12-82, CEPE Center for Energy Policy and Economics, ETH Zurich.
  4. Simona Bigerna & Carlo Andrea BOLLINO, 2013. "Hourly Electricity Demand in Italian Market," Quaderni del Dipartimento di Economia, Finanza e Statistica 121/2013, Università di Perugia, Dipartimento Economia, Finanza e Statistica.
  5. Simona Bigerna & Carlo Andrea BOLLINO, 2012. "Electricity Demand in Wholesale Italian Market," Quaderni del Dipartimento di Economia, Finanza e Statistica 108/2012, Università di Perugia, Dipartimento Economia, Finanza e Statistica.

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