Advanced Search
MyIDEAS: Login to save this paper or follow this series

Estimation of Elasticity Price of Electricity with Incomplete Information

Contents:

Author Info

  • Xavier Labandeira

    ()
    (Rede (Universidade de Vigo) and Economics for Energy)

  • José M. Labeaga

    ()
    (Facultad de Ciencias Económicas y Empresariales, UNED)

  • Xiral López-Otero

    ()
    (Rede (Universidade de Vigo) and Economics for Energy)

Abstract

The sharp increase in energy prices and growing concern on environmental issues, among other things, are behind the renewed interest in energy demand estimation. However, there is sparce academic literature that takes the 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 incomplete and/or imperfect data available to suppliers. In particular, using real data of expenditure and consumption of electricity, we employ a model of random effects for panel data in order to estimate residential and industrial electricity demand in Spain.

Download Info

If 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.
File URL: http://www.eforenergy.org/docpublicaciones/documentos-de-trabajo/WP01-2010.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Economics for Energy in its series Working Papers with number 01-2010.

as in new window
Length: 29 pages
Date of creation: Nov 2010
Date of revision:
Handle: RePEc:efe:wpaper:01-2010

Contact details of provider:
Web page: http://www.eforenergy.org

Related research

Keywords: Electricity demand; micro econometrics; panel data;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
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.:
as in new window
  1. Bose, Ranjan Kumar & Shukla, Megha, 1999. "Elasticities of electricity demand in India," Energy Policy, Elsevier, vol. 27(3), pages 137-146, March.
  2. Alan D. Woodland, 1993. "A Micro-Econometric Analysis of the Industrial Demand for Energy in NSW," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 57-90.
  3. Larsen, Bodil Merethe & Nesbakken, Runa, 2004. "Household electricity end-use consumption: results from econometric and engineering models," Energy Economics, Elsevier, vol. 26(2), pages 179-200, March.
  4. Xavier Labandeira & José M. Labeaga & Miguel Rodríguez, . "A Residential Energy Demand System for Spain," Working Papers 2005-04, FEDEA.
  5. 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.
  6. Soren Leth-Petersen, 2002. "Micro Econometric Modelling of Household Energy Use: Testing for Dependence between Demand for Electricity and Natural Gas," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 57-84.
  7. Kamerschen, David R. & Porter, David V., 2004. "The demand for residential, industrial and total electricity, 1973-1998," Energy Economics, Elsevier, vol. 26(1), pages 87-100, January.
  8. Chien-Chiang Lee & Jun-De Lee, 2010. "A Panel Data Analysis of the Demand for Total Energy and Electricity in OECD Countries," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 1-24.
  9. Halvorsen, Robert, 1975. "Residential Demand for Electric Energy," The Review of Economics and Statistics, MIT Press, vol. 57(1), pages 12-18, February.
  10. Beenstock, Michael & Goldin, Ephraim & Nabot, Dan, 1999. "The demand for electricity in Israel," Energy Economics, Elsevier, vol. 21(2), pages 168-183, April.
  11. Paul, Anthony & Myers, Erica & Palmer, Karen, 2009. "A Partial Adjustment Model of U.S. Electricity Demand by Region, Season, and Sector," Discussion Papers dp-08-50, Resources For the Future.
  12. Massimo Filippini, 1999. "Swiss residential demand for electricity," Applied Economics Letters, Taylor & Francis Journals, vol. 6(8), pages 533-538.
  13. Hondroyiannis, George, 2004. "Estimating residential demand for electricity in Greece," Energy Economics, Elsevier, vol. 26(3), pages 319-334, May.
  14. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762.
  15. Baker, Paul & Blundell, Richard & Micklewright, John, 1989. "Modelling Household Energy Expenditures Using Micro-data," Economic Journal, Royal Economic Society, vol. 99(397), pages 720-38, September.
  16. Garcia-Cerrutti, L. Miguel, 2000. "Estimating elasticities of residential energy demand from panel county data using dynamic random variables models with heteroskedastic and correlated error terms," Resource and Energy Economics, Elsevier, vol. 22(4), pages 355-366, October.
  17. White, Halbert, 1982. "Maximum Likelihood Estimation of Misspecified Models," Econometrica, Econometric Society, vol. 50(1), pages 1-25, January.
  18. Holtedahl, Pernille & Joutz, Frederick L., 2004. "Residential electricity demand in Taiwan," Energy Economics, Elsevier, vol. 26(2), pages 201-224, March.
  19. Fuks, Mauricio & Salazar, Esther, 2008. "Applying models for ordinal logistic regression to the analysis of household electricity consumption classes in Rio de Janeiro, Brazil," Energy Economics, Elsevier, vol. 30(4), pages 1672-1692, July.
  20. Bjorner, Thomas Bue & Togeby, Mikael & Jensen, Henrik Holm, 2001. "Industrial companies' demand for electricity: evidence from a micropanel," Energy Economics, Elsevier, vol. 23(5), pages 595-617, September.
  21. Narayan, Paresh Kumar & Smyth, Russell, 2005. "The residential demand for electricity in Australia: an application of the bounds testing approach to cointegration," Energy Policy, Elsevier, vol. 33(4), pages 467-474, March.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. 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.
  2. Desiderio Romero-Jordán & Pablo del Río & Cristina Peñasco, 2014. "Household electricity demand in Spanish regions. Public policy implications," Working Papers 2014/24, Institut d'Economia de Barcelona (IEB).
  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. 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.
  5. Simona Bigerna and Carlo Andrea Bollino, 2014. "Electricity Demand in Wholesale Italian Market," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
  6. 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.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:efe:wpaper:01-2010. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pablo Pintos).

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.