Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/74025
題名: | Dynamic demand for residential electricity in Taiwan under seasonality and increasing-block pricing | 作者: | Hung, M.-F.; Huang, Taihsin 黃台心 |
貢獻者: | 金融系 | 關鍵詞: | Residential electricity demand; Increasing-block pricing; Seasonality; Partial adjustment model; Price elasticity; Income effects | 日期: | Mar-2015 | 上傳時間: | 25-Mar-2015 | 摘要: | This paper studies the dynamic demand for residential electricity in Taiwan employing a monthly panel data set, composed of 19 counties and spanning the period from 2007:01 to 2013:12. The partial adjustment model used addresses the endogeneity of the electricity price that results from the increasing-block pricing. The estimated results show that there is a significant seasonal difference in the demand for electricity between the summer and non-summer periods. Both the adjustment speed and own price elasticity during the summer months are found to be lower than those in the non-summer months due to the hot weather in summer. It is easier for consumers to adjust their electricity consumption in response to the changes in electricity pricing during the non-summer time. The estimated inelastic short-run and long-run income effects show that electricity is a necessity for consumers. Moreover, the controversial electricity-conservation policies are found to be ineffective measures for reducing electricity consumption in Taiwan. | 關聯: | Energy Economics,48,168-177 | 資料類型: | article | DOI: | http://dx.doi.org/10.1016/j.eneco.2015.01.010 |
Appears in Collections: | 期刊論文 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
j.eneco.2015.01.010.pdf | 351.25 kB | Adobe PDF2 | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.