The long-run dynamics of electricity demand: Evidence from municipal aggregation
By: Deryugina, Tatyana
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Contributor(s): MacKay, Alexander | Reif, Julian.
Material type: 
BookPublisher: American Economic Journal: Applied Economics Description: 12(1), Jan, 2020: p.86-114.
In:
American Economic Journal: Applied EconomicsSummary: We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long-lasting price changes in over 250 Illinois communities. Using a flexible difference-in-difference matching approach, we estimate that the price elasticity of demand grows from −0.09 in the first six months to −0.27 two years later. We find similar results with a dynamic model in which usage is a function of past and future prices. Our findings highlight the importance of accounting for consumption dynamics when evaluating energy policy. - Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 12(1), Jan, 2020: p.86-114. | Available | AR122795 |
We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long-lasting price changes in over 250 Illinois communities. Using a flexible difference-in-difference matching approach, we estimate that the price elasticity of demand grows from −0.09 in the first six months to −0.27 two years later. We find similar results with a dynamic model in which usage is a function of past and future prices. Our findings highlight the importance of accounting for consumption dynamics when evaluating energy policy. - Reproduced
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