TY - JOUR
DP - National Agricultural Library
DB - PubAg
JO - Journal of cleaner production
TI - A meta-analysis on the price elasticity and income elasticity of residential electricity demand
A1 - Zhu, Xing
A4 - Zhu, Xing
A4 - Li, Lanlan
A4 - Zhou, Kaile
A4 - Zhang, Xiaoling
A4 - Yang, Shanlin
EP - 2018 v.201
KW - demand elasticities
KW - electricity
KW - electricity costs
KW - energy policy
KW - income
KW - income elasticities
KW - meta-analysis
KW - prices
KW - regression analysis
AN - 6133014
AB - Price elasticity and income elasticity can quantitatively measure the impact of price volatility and income diversity on household electricity demand. To analyze household electricity demand and better identify the main factors affecting residential electricity demand elasticity in previous literature, a meta-analysis based on a comprehensive and systematic summary of 103 articles is presented in this study. The influencing factors are identified, with a weighed least squares (WLS) linear regression model to evaluate their strength. The price elasticities and income elasticities are discussed from three dimensions, namely short-term, long-term and unmarked. The results show that residential electricity demand is almost price-inelastic and income-inelastic in the short-term. But in the long-term, some residential electricity demand is price-elastic and income-elastic. The results also reveal that residential electricity demand elasticity is affected by many factors, such as time interval and sample period. These conclusions can support the formulation of more effective electricity price and energy policy.
PY - 2018
LA -
DA - 2018-11-10
VL - v. 201
SP - pp. 169-177
DO - 10.1016/j.jclepro.2018.08.027
ER -