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Modeling the residential electricity demand in the US

Author

Listed:
  • Afees A. Salisu

    (Centre for Econometric and Allied Research, University of Ibadan)

  • Oluwatomisinn Oyewole

    (Department of Economics, College of Management Sciences Federal University of Agriculture, Abeokuta, Nigeria. Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan, Nigeria.)

  • Lateef O. Akanni

    (Department of Economics, University of Lagos,Akoka, Lagos, Nigeria)

Abstract

In this paper, we estimate a demand model for electricity in the US residential sector using both the 2009 and 2015 (RECS). We find socio-economic characteristics and building patterns of households as the main drivers of residential electricity demand in the US. Also, controlling for regional and climatic effects is found to enhance the performance of the estimated models. Our results are further complemented with plausible scenario analyses and robustness checks.

Suggested Citation

  • Afees A. Salisu & Oluwatomisinn Oyewole & Lateef O. Akanni, 2018. "Modeling the residential electricity demand in the US," Working Papers 042, Centre for Econometric and Allied Research, University of Ibadan.
    • Handle: RePEc:cui:wpaper:0042
    as

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    References listed on IDEAS

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    Keywords

    Electricity consumption; US residential sector; Demand analysis;
    All these keywords.

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