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An Empirical Investigation Of The Rural Cooperatives' Residential Demand For Electricity

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  • Maddigan, Ruth J.
  • Chern, Wen S.
  • Gallagher, Colleen A.

Abstract

This study examines the Rural Electric Cooperatives' (RECs`) residential demand for electricity using a simultaneous-equation, partial -adjustment model developed as a component of the Oak Ridge National Laboratory Rural Electric Energy Demand (REED) model. The residential sector is described by a pair of equations in which the quantity of electricity demanded and the average electricity price are endogenous. The structural equations are estimated using regionally pooled state-level, REC-specific data for the period 1969 to 1977 for five regions. The results indicate substantial variability among regions in both the short-run and long -run response to changing prices, income and weather conditions.

Suggested Citation

  • Maddigan, Ruth J. & Chern, Wen S. & Gallagher, Colleen A., 1981. "An Empirical Investigation Of The Rural Cooperatives' Residential Demand For Electricity," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279341, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea81:279341
    DOI: 10.22004/ag.econ.279341
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    References listed on IDEAS

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