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Quebec Residential Electricity Demand: A Microeconometric Approach

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Author Info

  • Bernard, J.T.
  • Bolduc, D.
  • Belanger, D.

Abstract

In this paper we use a micro approach to model Quebec residential demand for electricity. The model incorporates a joint continuous/discrete decision framework which allows for interrelationships between decisions on electricity-related durable holdings and those on usage. In the spirit of recent studies, which used a continuous/discrete framework, the model parameters are estimated using a two-stage approach. At the first stage the decisions regarding space and water heating systems are modelled with a very flexible Multinomial Probit (MNP) framework. Then, at the second stage, the demand for electricity conditional on the chosen heating system is estimated using ordinary least squares, and a correction is applied in order to eliminate a potential estimation bias. The estimated short-run and long-run price and income elasticities have the correct signs and are rather small, as is expected under such circumstances.

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Bibliographic Info

Paper provided by Laval - Recherche en Energie in its series Papers with number 9334.

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Length: 30 pages
Date of creation: 1993
Date of revision:
Handle: RePEc:fth:lavaen:9334

Contact details of provider:
Postal: UNIVERSITE LAVAL, GREEN, DEPARTEMENT D'ECONOMIQUE, QUEBEC G1K 7P4.
Phone: (418) 656-2096
Fax: (418) 656-7412
Web page: http://www.green.ecn.ulaval.ca/
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Keywords: demand ; electricity;

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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. Lucas W. Davis & Lutz Kilian, 2008. "The Allocative Cost of Price Ceilings in the U.S. Residential Market for Natural Gas," NBER Working Papers 14030, National Bureau of Economic Research, Inc.
  3. Runa Nesbakken, 1998. "Residential Energy Consumption for Space Heating in Norwegian Households A Discrete-Continuous Choice Approach," Discussion Papers 231, Research Department of Statistics Norway.
  4. Newell, Richard G. & Pizer, William A., 2008. "Carbon mitigation costs for the commercial building sector: Discrete-continuous choice analysis of multifuel energy demand," Resource and Energy Economics, Elsevier, vol. 30(4), pages 527-539, December.
  5. Nesbakken, Runa, 1999. "Price sensitivity of residential energy consumption in Norway," Energy Economics, Elsevier, vol. 21(6), pages 493-515, December.
  6. Bente Halvorsen & Bodil M. Larsen, 1999. "Changes in the Pattern of Household Electricity Demand over Time," Discussion Papers 255, Research Department of Statistics Norway.
  7. Zhang, Fan, 2011. "Distributional impact analysis of the energy price reform in Turkey," Policy Research Working Paper Series 5831, The World Bank.
  8. Koji Miyawaki & Yasuhiro Omori & Akira Hibiki, 2010. "Discrete/Continuous Choice Model of the Residential Gas Demand on the Nonconvex Budget Set," CIRJE F-Series CIRJE-F-770, CIRJE, Faculty of Economics, University of Tokyo.
  9. van den Bergh, Jeroen C.J.M., 2008. "Environmental regulation of households: An empirical review of economic and psychological factors," Ecological Economics, Elsevier, vol. 66(4), pages 559-574, July.
  10. Timmins, Christopher, 2002. "Does the Median Voter Consume Too Much Water? Analyzing the Redistributive Role of Residential Water Bills," National Tax Journal, National Tax Association, vol. 55(4), pages 687-702, December .
  11. Pizer, William & Newell, Richard, 2005. "Carbon Mitigation Costs for the Commercial Sector: Discrete-Continuous Choice Analysis of Multifuel Energy Demand," Discussion Papers dp-05-13, Resources For the Future.
  12. Changqi Wu & Leonard K. Cheng, 1997. "Hong Kong's Business Regulation in Transition," NBER Working Papers 6332, National Bureau of Economic Research, Inc.
  13. Espey, James A. & Espey, Molly, 2004. "Turning on the Lights: A Meta-Analysis of Residential Electricity Demand Elasticities," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(01), April.
  14. Runa Nesbakken, 1998. "Price Sensitivity of Residential Energy Consumption in Norway," Discussion Papers 232, Research Department of Statistics Norway.
  15. Inglesi, Roula, 2010. "Aggregate electricity demand in South Africa: Conditional forecasts to 2030," Applied Energy, Elsevier, vol. 87(1), pages 197-204, January.
  16. Koji Miyawaki & Yasuhiro Omori & Akira Hibiki, 2013. "A Discrete/Continuous Choice Model on the Nonconvex Budget Set," CIRJE F-Series CIRJE-F-881, CIRJE, Faculty of Economics, University of Tokyo.
  17. Bernard, Jean-Thomas & Bolduc, Denis & Yameogo, Nadège-Désirée, 2011. "A pseudo-panel data model of household electricity demand," Resource and Energy Economics, Elsevier, vol. 33(1), pages 315-325, January.
  18. Halvorsen, Bente & Larsen, Bodil M., 2001. "The flexibility of household electricity demand over time," Resource and Energy Economics, Elsevier, vol. 23(1), pages 1-18, January.
  19. Davis, Lucas W & Kilian, Lutz, 2007. "The Allocative Cost of Price Ceilings: Lessons to be Learned from the US Residential Market for Natural Gas," CEPR Discussion Papers 6142, C.E.P.R. Discussion Papers.
  20. Leth-Petersen, Soren & Togeby, Mikael, 2001. "Demand for space heating in apartment blocks: measuring effects of policy measures aiming at reducing energy consumption," Energy Economics, Elsevier, vol. 23(4), pages 387-403, July.

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