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Dynamic models of residential electricity demand: Evidence from Switzerland

Informazioni aggiuntive

Autori
Boogen N., Souvik D., Filippini M.
Tipo
Articolo pubblicato in rivista scientifica
Anno
2017
Lingua
Inglese
Abstract
We estimate the short- and long-run elasticities of electricity demand in Switzerland using a dynamic model of residential electricity consumption incorporating a correction introduced by Kiviet. We find that the short-run elasticity of residential demand for electricity in Switzerland is around −0.3 while the long-run elasticity is around −0.6. Our estimates indicate that pricing policy as a plan for energy strategy may have a moderate impact on residential customers in the short run but will have a stronger influence in the long-run. In view of the recent proposal in Switzerland to introduce a tax on electricity as part of its energy strategy plan, an increase in the price of electricity may result in a moderate decrease in electricity consumption.
Rivista
Energy Strategy Reviews
Volume
18
Pagina inizio
85
Pagina fine
92