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The Demand for Electricity: A Survey

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Author Info
Lester D. Taylor
Abstract

This paper presents a survey and critique of the econometric literature on the demand for electricity. Most of the focus is on residential demand, but the few studies analyzing commercial and industrial demand are also reviewed. Special attention is given to the singular features of electricity demand, the fact that electricity is purchased according to multipart decreasing block tariffs, the need to distinguish between demand in the short run and demand in the long run, etc. In particular it is noted that proper modeling of decreasing block tariffs requires inclusion of both a marginal and average price as predictors in the demand function. The paper concludes with some suggestions for future research.

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File URL: http://links.jstor.org/sici?sici=0361-915X%28197521%296%3A1%3C74%3ATDFEAS%3E2.0.CO%3B2-I&origin=repec
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Publisher Info
Article provided by The RAND Corporation in its journal Bell Journal of Economics.

Volume (Year): 6 (1975)
Issue (Month): 1 (Spring)
Pages: 74-110
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Handle: RePEc:rje:bellje:v:6:y:1975:i:spring:p:74-110

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  1. Roger H. Dunstan & Ronald H. Schmidt, 1986. "Structural changes in residential energy demand," Research Paper 8604, Federal Reserve Bank of Dallas. [Downloadable!]
  2. Theologos Dergiades & Lefteris Tsoulfidis, 2009. "Revisiting Residential Demand for Electricity in Greece: New Evidence from the ARDL Approach to Cointegration," Discussion Paper Series 2009_12, Department of Economics, University of Macedonia, revised Jun 2009. [Downloadable!]
  3. Martinez-Espineira, Roberto, 2005. "An Estimation of Residential Water Demand Using Co-Integration and Error Correction Techniques," MPRA Paper 615, University Library of Munich, Germany, revised Jan 2006. [Downloadable!]
    Other versions:
  4. Catherine D. Wolfram, 1999. "Measuring Duopoly Power in the British Electricity Spot Market," American Economic Review, American Economic Association, vol. 89(4), pages 805-826, September. [Downloadable!] (restricted)
  5. Glenn Jenkins & HENRY LIM & GANGADHAR SHUKLA, 1999. "Evaluation Of An Expansion Of The Electricity Transmission System In Mexico," Development Discussion Papers 1999-5, JDI Executive Programs. [Downloadable!]
  6. Peter C. Reiss & Matthew W. White, 2001. "Household Electricity Demand, Revisited," NBER Working Papers 8687, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  7. José Miguel Benavente & Alexander Galetovic & Ricardo Sanhueza & Pablo Serra, 2005. "Estimando la Demanda Residencial por Electricidad en Chile: El Consumo es Sensible al Precio," Cuadernos de Economía (Latin American Journal of Economics), Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 42(125), pages 31-61. [Downloadable!]
  8. Jordan, Jeffrey L., 1998. "Georgia Water Series -- Issue 4: Issues In Water Pricing," Faculty Series 16652, University of Georgia, Department of Agricultural and Applied Economics. [Downloadable!]
  9. Sheila Olmstead & W. Michael Hanemann & Robert N. Stavins, 2007. "Water Demand Under Alternative Price Structures," NBER Working Papers 13573, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  10. José Miguel Benavente & Alexander Galetovic & Ricardo Sanhueza & Pablo Serra, 2004. "Estimando la demanda residencial por electricidad en Chile: a doña Juanita le importa el precio (Calculating the residential demand for electricity in Chile: Mrs. Jones does care about the price)," Documentos de Trabajo 192, Centro de Economía Aplicada, Universidad de Chile. [Downloadable!]
  11. Mark V. Pauly & Kate H. Withers & Krupa Subramanian-Viswana & Jean Lemaire & John C. Hershey, 2003. "Price Elasticity of Demand for Term Life Insurance and Adverse Selection," NBER Working Papers 9925, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  12. Arjan Ruijs, 2009. "Welfare and Distribution Effects of Water Pricing Policies," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 43(2), pages 161-182, June. [Downloadable!] (restricted)
  13. DIAKITE Daouda & SEMENOV Aggey & THOMAS Alban, 2006. "Social Pricing and Water Provision in Côte d'Ivoire," Working Papers 06.14.207, LERNA, University of Toulouse. [Downloadable!]
  14. Barberán Ortí, Ramón & Inmaculada, Villanúa Martín & Arbués Gracia, Fernando, 2000. "Water Price Impact On Residential Water Demand In Zaragoza City. A Dynamic Panel Data Approach," ERSA conference papers ersa00p167, European Regional Science Association. [Downloadable!]
  15. Leonardo Corral & Anthony Fisher & Nile Hatch, 1999. "Price and Non-Price Influences on Water Conservation: An Econometric Model of Aggregate Demand under Nonlinear Budget Constraint," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 881, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
  16. A. Bigano & S. Proost & J. Van Rompuy, 2000. "Alternative Environmental Regulation Schemes for the Belgian Power Generation Sector," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 16(2), pages 121-160, June. [Downloadable!] (restricted)
  17. Stavins, Robert & Hanemann, W. Michael & Olmstead, Sheila, 2005. "Do Consumers React to the Shape of Supply? Water Demand under Heterogeneous Price Structures," Discussion Papers dp-05-29, Resources For the Future. [Downloadable!]
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  18. N. Vijayamohanan Pillai, 2001. "Electricity demand analysis and forecasting: The tradition is questioned," Centre for Development Studies, Trivendrum Working Papers 312, Centre for Development Studies, Trivendrum, India. [Downloadable!]
  19. Pillai N., Vijayamohanan, 2008. "Forecasting Demand for Electricity: Some Methodological Issues and an Analysis," MPRA Paper 8899, University Library of Munich, Germany. [Downloadable!]
  20. Vladimir Hlasny, 2008. "The impact of restructuring and deregulation on gas rates," Journal of Regulatory Economics, Springer, vol. 34(1), pages 27-52, August. [Downloadable!] (restricted)
  21. Bradburd, Ralph, 1992. "Privatization of natural monopoly public enterprises : the regulation issue," Policy Research Working Paper Series 864, The World Bank. [Downloadable!]
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