Dynamic energy demand models with latent equipment

Dynamic models of residential electricity demand: Evidence from Switzerland

“…Our long-run estimates are comparable to those by Spierer (1988) but not as high as the estimates reported by Carlevaro and Spierer (1983). Our short-run estimates are also lower than those reported by Carlevaro and Spierer (1983). Our estimates indicate that Swiss households are relatively price-inelastic with respective to electricity prices.…”

“…If we compare our estimates to those of the other existing studies for Switzerland we see that, while similar to the estimates of Zweifel et al (1997) and Filippini (1999), ours are less inelastic than those studies. Our long-run estimates are comparable to those by Spierer (1988) but not as high as the estimates reported by Carlevaro and Spierer (1983). Our short-run estimates are also lower than those reported by Carlevaro and Spierer (1983).…”

“…at the state-or country-level. These exploit panel data (Halvorsen, 1975;Azevedo et al, 2011;Maddala et al, 1997;Liu, 2004;Carlevaro and Spierer, 1983;Spierer, 1988;Labandeira et al, 2012;Filippini, 1999;Alberini and Filippini, 2011;Blázquez et al, 2013) or, alternatively, for country studies, just the time-series nature of the data (Prosser, 1985;Bentzen and Engsted, 1993;Fatai et al, 2003;Kamerschen and Porter, 2004;Holtedahl and Joutz, 2004;Narayan and Smyth, 2005;Ziramba, 2008;Amarawickrama and Hunt, 2008;Dergiades and Tsoulfidis, 2008;Sa'ad, 2009;Fan and Hyndman, 2011).…”

“…Compared to the US and some other countries, studies on residential electricity demand in Switzerland are rather rare. There have been some studies using disaggregated data (Dennerlein and Flaig, 1987;Dennerlein, 1990;Zweifel et al, 1997;Boogen et al, 2014) while others have used aggregated data to estimate the electricity consumption (Carlevaro and Spierer, 1983;Spierer, 1988;Zweifel et al, 1997;Filippini, 1999Filippini, , 2011. Table 1 provides an overview of the price elasticities in some selected studies.…”