Estimation of elasticity price of electricity with incomplete information

Labandeira, Xavier; Labeaga, José M.; López-Otero, Xiral

doi:10.1016/j.eneco.2011.03.008

Cited by 98 publications

(56 citation statements)

References 28 publications

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“…From the simulations, the absolute value of demand elasticity is estimated to be around 0.49. It is found that the demand elasticity of electricity drawn from our model shows similar or higher levels compared to other estimation results from various countries [46][47][48][49].…”

Section: Modelling Direct and Indirect Emissionssupporting

confidence: 51%

Efficiency versus Equality: Comparing Design Options for Indirect Emissions Accounting in the Korean Emissions Trading Scheme

Yeo

Lee

2015

Sustainability

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Abstract:The Korean emissions trading scheme (ETS) has one special characteristic that makes it different from other schemes, such as the EU ETS. While the other schemes consider only direct emissions from fossil fuels, the Korean ETS also regulates indirect emissions arising from the consumption of electricity. The problem of double counting arises under this setting, in which emissions from the power sector can be accounted for twice, when electricity is produced and consumed. This study aims to compare design options on indirect emissions accounting for the Korean ETS using a computable general equilibrium model. Four scenarios are generated for options accounting for direct and/or indirect emissions and are evaluated in terms of efficiency and equality. The result shows that the ETS operates most efficiently when only direct emissions are considered. However, the option that includes both direct and indirect emissions produces a competent result in terms of equality by spreading the economic burden of emissions reduction among industries. We conclude that this option can be an alternative to meet the key purposes of the Korean ETS.

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Section: Modelling Direct and Indirect Emissionssupporting

confidence: 51%

Efficiency versus Equality: Comparing Design Options for Indirect Emissions Accounting in the Korean Emissions Trading Scheme

Yeo

Lee

2015

Sustainability

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“…for CDD (Reiss and White, 2005;Psiloglou et al, 2009;Labandeira et al, 2011). The same applies for the Spanish Technical System Operator, which uses 15°C as the threshold for HDD and 20°C for CDD.…”

mentioning

confidence: 96%

Residential electricity demand in Spain: New empirical evidence using aggregate data

Boogen²,

2013

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This paper presents an empirical analysis on residential demand for electricity. This analysis has been performed using aggregate panel data at the province level for 47 Spanish provinces for the period from 2000 to 2008. For this purpose, we estimated a log-log demand equation for electricity consumption using a dynamic partial adjustment approach. This dynamic demand function has been estimated using a two-step system GMM estimator proposed by Blundell and Bond (1998). The purpose of this empirical analysis is to highlight some of the characteristics of Spanish residential electricity demand. Particular attention has been paid to the influence of price, income, and weather conditions on electricity demand. The estimated short and long-run own price elasticities are negative, as expected, but lower than 1. Furthermore, weather variables have a significant impact on electricity demand. JEL: D, D2, Q, Q4, R2.

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“…Nevertheless, this electricity consumption may be influenced by other variables. In previous studies, models on electricity demand usually include income or GDP and temperature or similar climate variable as explanatory variables [43,44,46,[48][49][50][51][52][53]. In this study, per capita income is included in the model in order to take into account the effect of the demand for hospitality services performed by residents of each province.…”

Section: Modelmentioning

confidence: 99%

Relationships between Tourism and Hospitality Sector Electricity Consumption in Spanish Provinces (1999–2013)

2017

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Abstract:The EU is committed to a 40% reduction in their domestic greenhouse gas emissions by 2030. In order to reach this ambitious target, new measures affecting all economic sectors would be needed. This paper focuses on the tourism sector. Using econometric panel data techniques, the relationships between tourist overnight stays and the hospitality sector electricity consumption is studied for the Spanish provinces during the period 1999-2013. With this aim, an Energy-Tourism Kuznets Curve hypothesis is tested. The results show that the Energy-Tourism Kuznets Curve hypothesis is not supported. An increasing positive relationship between the hospitality sector electricity consumption and overnight stays is observed. Results also show that the hospitality sector electricity consumption elasticity values, with respect to tourist overnight stays, differ among the provinces, the values being within a range of 0.1-0.5 during the period. The highest values are observed for the Balearic Islands, the Canary Islands, Gerona, Tarragona and Malaga. Energy efficiency measures, the adoption of renewable energy systems and the development of energy management capabilities are recommended.

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Estimation of elasticity price of electricity with incomplete information

Cited by 98 publications

References 28 publications

Efficiency versus Equality: Comparing Design Options for Indirect Emissions Accounting in the Korean Emissions Trading Scheme

Efficiency versus Equality: Comparing Design Options for Indirect Emissions Accounting in the Korean Emissions Trading Scheme

Residential electricity demand in Spain: New empirical evidence using aggregate data

Relationships between Tourism and Hospitality Sector Electricity Consumption in Spanish Provinces (1999–2013)

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