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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 2015-03
上傳時間 25-Mar-2015 10:14:47 (UTC+8)
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
dc.contributor 金融系-
dc.creator (作者) Hung, M.-F.; Huang, Taihsin-
dc.creator (作者) 黃台心-
dc.date (日期) 2015-03-
dc.date.accessioned 25-Mar-2015 10:14:47 (UTC+8)-
dc.date.available 25-Mar-2015 10:14:47 (UTC+8)-
dc.date.issued (上傳時間) 25-Mar-2015 10:14:47 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/74025-
dc.description.abstract (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.-
dc.format.extent 359680 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Energy Economics,48,168-177-
dc.subject (關鍵詞) Residential electricity demand; Increasing-block pricing; Seasonality; Partial adjustment model; Price elasticity; Income effects-
dc.title (題名) Dynamic demand for residential electricity in Taiwan under seasonality and increasing-block pricing-
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1016/j.eneco.2015.01.010en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1016/j.eneco.2015.01.010en_US