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Household and industrial electricity demand in Europe
This paper examines the electricity demand, and its determinants, in 29 European countries during the liberalization of the electricity market. Based on panel data for these countries for the years 1995–2015 and using a dynamic partial adjustment model, price elasticities are estimated for both resi...
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| Published in: | Energy policy 2018-11, Vol.122, p.592-600 |
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| Main Authors: | , |
| Format: | Article |
| Language: | English |
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| cited_by | cdi_FETCH-LOGICAL-c433t-f95ba308719c2e87b97815041342654fcffc0a82c35f99b7ce912132a40aafbe3 |
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| cites | cdi_FETCH-LOGICAL-c433t-f95ba308719c2e87b97815041342654fcffc0a82c35f99b7ce912132a40aafbe3 |
| container_end_page | 600 |
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| container_start_page | 592 |
| container_title | Energy policy |
| container_volume | 122 |
| creator | Cialani, Catia Mortazavi, Reza |
| description | This paper examines the electricity demand, and its determinants, in 29 European countries during the liberalization of the electricity market. Based on panel data for these countries for the years 1995–2015 and using a dynamic partial adjustment model, price elasticities are estimated for both residential and industrial electricity demand. These elasticities and effects of other variables on electricity consumption are estimated using both GMM (generalized method of moments) and ML (maximum likelihood) approaches. It is found that the price elasticities are very small, especially in the short run, while the income elasticities are relatively large, especially for households and in the long run.
•Electricity demand in EU-29 is inelastic with respect to its price in the short-run.•Income elasticities in EU-29 are slightly higher than price elasticities.•Residential sector is less sensitive to prices change than the industrial sector.•Electricity demand is more sensitive to cold than to hot weather in Europe. |
| doi_str_mv | 10.1016/j.enpol.2018.07.060 |
| format | article |
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•Electricity demand in EU-29 is inelastic with respect to its price in the short-run.•Income elasticities in EU-29 are slightly higher than price elasticities.•Residential sector is less sensitive to prices change than the industrial sector.•Electricity demand is more sensitive to cold than to hot weather in Europe.</description><identifier>ISSN: 0301-4215</identifier><identifier>ISSN: 1873-6777</identifier><identifier>EISSN: 1873-6777</identifier><identifier>DOI: 10.1016/j.enpol.2018.07.060</identifier><language>eng</language><publisher>Kidlington: Elsevier Ltd</publisher><subject>Complex Systems – Microdata Analysis ; Consumption ; Demand ; Electric industries ; Electric power demand ; Electricity ; Electricity consumption ; Electricity demand ; Electricity pricing ; Energy consumption ; Energy policy ; EU-29 ; Europe ; Europe EU-29 ; Generalized method of moments ; GMM ; Households ; Komplexa system - mikrodataanalys ; Liberalization ; Method of moments ; Panel data ; Price elasticity ; Prices ; Residential energy</subject><ispartof>Energy policy, 2018-11, Vol.122, p.592-600</ispartof><rights>2018 Elsevier Ltd</rights><rights>Copyright Elsevier Science Ltd. Nov 2018</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c433t-f95ba308719c2e87b97815041342654fcffc0a82c35f99b7ce912132a40aafbe3</citedby><cites>FETCH-LOGICAL-c433t-f95ba308719c2e87b97815041342654fcffc0a82c35f99b7ce912132a40aafbe3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>230,314,780,784,885,27866,27924,27925,33223</link.rule.ids><backlink>$$Uhttps://urn.kb.se/resolve?urn=urn:nbn:se:du-28385$$DView record from Swedish Publication Index$$Hfree_for_read</backlink></links><search><creatorcontrib>Cialani, Catia</creatorcontrib><creatorcontrib>Mortazavi, Reza</creatorcontrib><title>Household and industrial electricity demand in Europe</title><title>Energy policy</title><description>This paper examines the electricity demand, and its determinants, in 29 European countries during the liberalization of the electricity market. Based on panel data for these countries for the years 1995–2015 and using a dynamic partial adjustment model, price elasticities are estimated for both residential and industrial electricity demand. These elasticities and effects of other variables on electricity consumption are estimated using both GMM (generalized method of moments) and ML (maximum likelihood) approaches. It is found that the price elasticities are very small, especially in the short run, while the income elasticities are relatively large, especially for households and in the long run.
•Electricity demand in EU-29 is inelastic with respect to its price in the short-run.•Income elasticities in EU-29 are slightly higher than price elasticities.•Residential sector is less sensitive to prices change than the industrial sector.•Electricity demand is more sensitive to cold than to hot weather in Europe.</description><subject>Complex Systems – Microdata Analysis</subject><subject>Consumption</subject><subject>Demand</subject><subject>Electric industries</subject><subject>Electric power demand</subject><subject>Electricity</subject><subject>Electricity consumption</subject><subject>Electricity demand</subject><subject>Electricity pricing</subject><subject>Energy consumption</subject><subject>Energy policy</subject><subject>EU-29</subject><subject>Europe</subject><subject>Europe EU-29</subject><subject>Generalized method of moments</subject><subject>GMM</subject><subject>Households</subject><subject>Komplexa system - mikrodataanalys</subject><subject>Liberalization</subject><subject>Method of moments</subject><subject>Panel data</subject><subject>Price elasticity</subject><subject>Prices</subject><subject>Residential energy</subject><issn>0301-4215</issn><issn>1873-6777</issn><issn>1873-6777</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2018</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><sourceid>8BJ</sourceid><recordid>eNp9kLFOwzAQhi0EEqXwBCyRGFHCOXZqZ2CoSqFIlViA1XKcC7hK42A3oL49LkGMTD7J3__r7iPkkkJGgc5uNhl2vWuzHKjMQGQwgyMyoVKwdCaEOCYTYEBTntPilJyFsAEALks-IcXKDQHfXVsnuqsT29VD2Hmr2wRbNHEydrdPatyOv8ly8K7Hc3LS6Dbgxe87JS_3y-fFKl0_PTwu5uvUcMZ2aVMWlWYgBS1NjlJUpZC0AE4Zz2cFb0zTGNAyN6xoyrISBkuaU5ZrDlo3FbIpuR57wxf2Q6V6b7fa75XTVt3Z17ly_k3Vg8olk0Wkr0a69-5jwLBTGzf4Li6oYivjEPWUkWIjZbwLwWPz10pBHWyqjfqxqQ42FQgVbcbU7ZjCeO6nRa-CsdgZrK2PnlTt7L_5bwRKfeI</recordid><startdate>20181101</startdate><enddate>20181101</enddate><creator>Cialani, Catia</creator><creator>Mortazavi, Reza</creator><general>Elsevier Ltd</general><general>Elsevier Science Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7SP</scope><scope>7TA</scope><scope>7TB</scope><scope>7TQ</scope><scope>8BJ</scope><scope>8FD</scope><scope>DHY</scope><scope>DON</scope><scope>F28</scope><scope>FQK</scope><scope>FR3</scope><scope>H8D</scope><scope>JBE</scope><scope>JG9</scope><scope>KR7</scope><scope>L7M</scope><scope>ADTPV</scope><scope>AOWAS</scope></search><sort><creationdate>20181101</creationdate><title>Household and industrial electricity demand in Europe</title><author>Cialani, Catia ; Mortazavi, Reza</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c433t-f95ba308719c2e87b97815041342654fcffc0a82c35f99b7ce912132a40aafbe3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2018</creationdate><topic>Complex Systems – Microdata Analysis</topic><topic>Consumption</topic><topic>Demand</topic><topic>Electric industries</topic><topic>Electric power demand</topic><topic>Electricity</topic><topic>Electricity consumption</topic><topic>Electricity demand</topic><topic>Electricity pricing</topic><topic>Energy consumption</topic><topic>Energy policy</topic><topic>EU-29</topic><topic>Europe</topic><topic>Europe EU-29</topic><topic>Generalized method of moments</topic><topic>GMM</topic><topic>Households</topic><topic>Komplexa system - mikrodataanalys</topic><topic>Liberalization</topic><topic>Method of moments</topic><topic>Panel data</topic><topic>Price elasticity</topic><topic>Prices</topic><topic>Residential energy</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Cialani, Catia</creatorcontrib><creatorcontrib>Mortazavi, Reza</creatorcontrib><collection>CrossRef</collection><collection>Electronics & Communications Abstracts</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>PAIS Index</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Technology Research Database</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ANTE: Abstracts in New Technology & Engineering</collection><collection>International Bibliography of the Social Sciences</collection><collection>Engineering Research Database</collection><collection>Aerospace Database</collection><collection>International Bibliography of the Social Sciences</collection><collection>Materials Research Database</collection><collection>Civil Engineering Abstracts</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>SwePub</collection><collection>SwePub Articles</collection><jtitle>Energy policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Cialani, Catia</au><au>Mortazavi, Reza</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Household and industrial electricity demand in Europe</atitle><jtitle>Energy policy</jtitle><date>2018-11-01</date><risdate>2018</risdate><volume>122</volume><spage>592</spage><epage>600</epage><pages>592-600</pages><issn>0301-4215</issn><issn>1873-6777</issn><eissn>1873-6777</eissn><abstract>This paper examines the electricity demand, and its determinants, in 29 European countries during the liberalization of the electricity market. Based on panel data for these countries for the years 1995–2015 and using a dynamic partial adjustment model, price elasticities are estimated for both residential and industrial electricity demand. These elasticities and effects of other variables on electricity consumption are estimated using both GMM (generalized method of moments) and ML (maximum likelihood) approaches. It is found that the price elasticities are very small, especially in the short run, while the income elasticities are relatively large, especially for households and in the long run.
•Electricity demand in EU-29 is inelastic with respect to its price in the short-run.•Income elasticities in EU-29 are slightly higher than price elasticities.•Residential sector is less sensitive to prices change than the industrial sector.•Electricity demand is more sensitive to cold than to hot weather in Europe.</abstract><cop>Kidlington</cop><pub>Elsevier Ltd</pub><doi>10.1016/j.enpol.2018.07.060</doi><tpages>9</tpages></addata></record> |
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| ispartof | Energy policy, 2018-11, Vol.122, p.592-600 |
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| language | eng |
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| source | International Bibliography of the Social Sciences (IBSS); ScienceDirect Journals; PAIS Index |
| subjects | Complex Systems – Microdata Analysis Consumption Demand Electric industries Electric power demand Electricity Electricity consumption Electricity demand Electricity pricing Energy consumption Energy policy EU-29 Europe Europe EU-29 Generalized method of moments GMM Households Komplexa system - mikrodataanalys Liberalization Method of moments Panel data Price elasticity Prices Residential energy |
| title | Household and industrial electricity demand in Europe |
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