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The hourly income elasticity of electricity
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics. (Centre for Environmental and Resource Economics (CERE))
2016 (English)In: Energy Economics, ISSN 0140-9883, E-ISSN 1873-6181Article in journal (Refereed) In press
Abstract [en]

Using a detailed data set on appliance-level electricity consumption at the hourly level, we provide the first estimates of hourly and end-use-specific income elasticities for electricity. Such estimates are informative about how consumption patterns in general, and peak demand in particular, will develop as households’ income changes. We find that the income elasticities are highest during peak hours for kitchen and lighting, with point estimates of roughly 0.4, but insignificant for space heating.

Place, publisher, year, edition, pages
2016.
Keyword [en]
Direct Metering; Residential Electricity Demand; Real Time Pricing
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-124770DOI: 10.1016/j.eneco.2016.08.014OAI: oai:DiVA.org:umu-124770DiVA: diva2:954970
Available from: 2016-08-24 Created: 2016-08-24 Last updated: 2016-08-26

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