The price elasticity of electricity demand in South Australia

被引:139
作者
Fan, Shu [1 ]
Hyndman, Rob J. [1 ]
机构
[1] Monash Univ, Business & Econ Forecasting Unit, Clayton, Vic 3168, Australia
关键词
Electricity demand; Price elasticity; Time series;
D O I
10.1016/j.enpol.2011.03.080
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, the price elasticity of electricity demand, representing the sensitivity of customer demand to the price of electricity, has been estimated for South Australia. We first undertake a review of the scholarly literature regarding electricity price elasticity for different regions and systems. Then we perform an empirical evaluation of the historic South Australian price elasticity, focussing on the relationship between price and demand quantiles at each half-hour of the day. This work attempts to determine whether there is any variation in price sensitivity with the time of day or quantile, and to estimate the form of any relationships that might exist in South Australia. (C) 2011 Elsevier Ltd. All rights reserved.
引用
收藏
页码:3709 / 3719
页数:11
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