Dynamic Demand for Residential Electricity in Taiwan under Seasonality and Increasing-Block Pricing
學年 103
學期 2
出版（發表）日期 2015-03-01
作品名稱 Dynamic Demand for Residential Electricity in Taiwan under Seasonality and Increasing-Block Pricing
作品名稱（其他語言）
著者 Ming-Feng Hung; T.H. Huang
單位
出版者
著錄名稱、卷期、頁數 Energy Economics 48, p.168-177
摘要 This paper studies the dynamic demand for residential electricity in Taiwan employing a monthly panel data set, composed of 19 counties and spanning the period from 2007:01 to 2013:12. The partial adjustment model used addresses the endogeneity of the electricity price that results from the increasing-block pricing. The estimated results show that there is a significant seasonal difference in the demand for electricity between the summer and non-summer periods. Both the adjustment speed and own price elasticity during the summer months are found to be lower than those in the non-summer months due to the hot weather in summer. It is easier for consumers to adjust their electricity consumption in response to the changes in electricity pricing during the non-summer time. The estimated inelastic short-run and long-run income effects show that electricity is a necessity for consumers. Moreover, the controversial electricity-conservation policies are found to be ineffective measures for reducing electricity consumption in Taiwan.
關鍵字 Residential electricity demand;Increasing-block pricing;Seasonality; Partial adjustment model;Price elasticity;Income effects
語言 en
ISSN 0140-9883
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者
審稿制度 是
國別 NLD
公開徵稿
出版型式 ,電子版,紙本
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