Residential demand for electricity: a consumer panel approach
Journal Article
·
· Southern Economic Journal; (United States)
Estimates of price elasticity based on a metropolitan household model suggest that, contrary to utility company views, electricity could be effectively rationed by raising the price. Relationships between size of residence, numbers of appliances, electricity demand, and electricity price indicate that the size of a residence and its stock of appliances correlate with family size, income, and race. Comparisons with past elasticity estimates suggest that electricity demand is determined more by income than by number of persons in a household. Energy consciousness and rising prices could result in middle and upper income families choosing smaller, more efficient residences. (DCK)
- Research Organization:
- Univ. of South Carolina, Columbia
- OSTI ID:
- 7294597
- Journal Information:
- Southern Economic Journal; (United States), Journal Name: Southern Economic Journal; (United States) Vol. 42:2
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
296000* -- Energy Planning & Policy-- Electric Power
298000 -- Energy Planning & Policy-- Consumption & Utilization
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101 -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
APPLIANCES
BUILDINGS
CHARGES
DEMAND FACTORS
ECONOMIC ELASTICITY
ECONOMICS
ELECTRIC POWER
ENERGY CONSUMPTION
ENERGY DEMAND
HOUSES
POWER
POWER DEMAND
RESIDENTIAL BUILDINGS
RESIDENTIAL SECTOR
SOCIO-ECONOMIC FACTORS
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
296000* -- Energy Planning & Policy-- Electric Power
298000 -- Energy Planning & Policy-- Consumption & Utilization
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101 -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
APPLIANCES
BUILDINGS
CHARGES
DEMAND FACTORS
ECONOMIC ELASTICITY
ECONOMICS
ELECTRIC POWER
ENERGY CONSUMPTION
ENERGY DEMAND
HOUSES
POWER
POWER DEMAND
RESIDENTIAL BUILDINGS
RESIDENTIAL SECTOR
SOCIO-ECONOMIC FACTORS