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    題名: Dynamic Demand for Residential Electricity in Taiwan under Seasonality and Increasing-Block Pricing
    作者: Ming-Feng Hung;T.H. Huang
    關鍵詞: Residential electricity demand;Increasing-block pricing;Seasonality;Partial adjustment model;Price elasticity;Income effects
    日期: 2015-03
    上傳時間: 2015-03-13 11:29:33 (UTC+8)
    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.
    關聯: Energy Economics 48, p.168-177
    DOI: 10.1016/j.eneco.2015.01.010
    顯示於類別:[產業經濟學系暨研究所] 期刊論文


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