IDEAS home Printed from https://ideas.repec.org/a/aen/journl/ej41-6-agnolucci.html
   My bibliography  Save this article

Fuel Demand across UK Industrial Subsectors

Author

Listed:
  • Paolo Agnolucci and Vincenzo De Lipsis

Abstract

Heterogeneity is a theme acquiring more and more prominence in the energy economic literature from both a modelling and policy-making perspective. We show that useful empirical evidence on this subject can be obtained by applying a parsimonious multivariate cointegration analysis that makes use of the increasingly available time series data on energy demand. We find that there is substantial heterogeneity in the demand for fuels from UK firms belonging to different subsectors, with price and level of production having different degrees of importance in the fuel choice, and with evidence of both substitutability and complementarity between fuels. Moreover, we show that fuel demand for the industrial sector as a whole is considerably more elastic than most estimates presented in the literature, finding which has direct relevance for policies aimed at influencing industrial fuel consumption through fuel switching.

Suggested Citation

  • Paolo Agnolucci and Vincenzo De Lipsis, 2020. "Fuel Demand across UK Industrial Subsectors," The Energy Journal, International Association for Energy Economics, vol. 0(Number 6), pages 55-86.
    • Handle: RePEc:aen:journl:ej41-6-agnolucci
    as

    Download full text from publisher

    File URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=3578
    Download Restriction: Access to full text is restricted to IAEE members and subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

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


    Cited by:

    1. Li, Raymond & Woo, Chi-Keung & Tishler, Asher & Zarnikau, Jay, 2022. "How price responsive is industrial demand for natural gas in the United States?," Utilities Policy, Elsevier, vol. 74(C).

    More about this item

    JEL classification:

    • F0 - International Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aen:journl:ej41-6-agnolucci. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: David Williams (email available below). General contact details of provider: https://edirc.repec.org/data/iaeeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.