Modelling the Residential Demand for Electricity in New England
| dc.creator | Young, Trevor | |
| dc.creator | Stevens, Thomas H. | |
| dc.date | 2017-04-01T14:57:22Z | |
| dc.date.accessioned | 2026-07-09T07:34:07Z | |
| dc.description | Accurate forecasts of energy demand are required for public policy formation, but estimation of the residential demand for electricity presents a number of conceptual and statistical problems. This paper focuses on two interrelated issues in electricity demand analysis: model specification with respect to the price variable and the level of data aggregation. From an empirical study of demand in New England, our principal conclusions are: (a) price elasticities, estimated using state level data, differ from those at the utility level; (b) at the state level of aggregation, alternative model specifications of demand give markedly different results; (c) there appears to be significant differences between the New England states in the demand for electricity; and (d) it was not possible to discern whether consumers respond to average price or marginal price. | |
| dc.identifier | doi:10.22004/ag.econ.159513 | |
| dc.identifier | https://ageconsearch.umn.edu/record/159513/files/Modelling%20the.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/159513 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/589772 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/159513 | |
| dc.title | Modelling the Residential Demand for Electricity in New England | |
| dc.type | Text |