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Quebec Residential Electricity Demand: A Microeconometric Approach

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  • Jean-Thomas Bernard
  • Denis Bolduc
  • Donald Belanger

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.

Suggested Citation

  • Jean-Thomas Bernard & Denis Bolduc & Donald Belanger, 1996. "Quebec Residential Electricity Demand: A Microeconometric Approach," Canadian Journal of Economics, Canadian Economics Association, vol. 29(1), pages 92-113, February.
  • Handle: RePEc:cje:issued:v:29:y:1996:i:1:p:92-113
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