How price responsive is commercial electricity demand in the US?

被引：11
作者：
Li, Raymond [1 ]
Woo, Chi-Keung [2 ]
机构：
[1] Univ Canberra, Canberra Sch Polit Econ & Soc, Canberra, Australia
[2] Educ Univ Hong Kong, Dept Asian & Policy Studies, Hong Kong, Peoples R China
来源：
ELECTRICITY JOURNAL | 2022年 / 35卷 / 01期
关键词：
Commercial electricity demand; Price elasticity; Cross-section dependence; Panel data analysis; United States; TIME-OF-USE; NATURAL-GAS; ENERGY DEMAND; TECHNOLOGY; ELASTICITY; BEHAVIOR; PANEL; PATH; OIL;
D O I：
10.1016/j.tej.2021.107066
中图分类号：
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号：
0807 ; 0820 ;
摘要：
We use monthly data for the lower 48 states in the US and 30-year period of 1991-2020 to estimate commercial electricity demand's price responsiveness. Our key findings are: (1) the US commercial electricity demand's statistically significant (p-value < 0.05) own-price elasticity estimates are between- 0.03 and- 0.08; and (2) the size of these estimates has been slowly declining over time. Hence, price-induced conservation is unlikely effective, at least in the immediate future, to materially reduce the US commercial electricity consumption, thus justifying continuation of energy efficiency standards and demand side management programs.
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页数：12
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