Price and income elasticities of electricity demand: Evidence from Jamaica
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Jamaica's electricity sector faces supply-side challenges. Demand-side policies have the potential to improve electricity use efficiency and reduce the likelihood of electricity disruptions. In this paper, I use the bounds testing approach to cointegration to obtain long-run price elasticity of demand estimates for the period 1970–2014. The analysis focuses on aggregate electricity demand and three categories of consumers: residential, commercial, and industrial. The findings suggest that...[Show more]
dc.contributor.author | Campbell, Alrick | |
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dc.date.accessioned | 2018-01-11T01:13:35Z | |
dc.identifier.issn | 0140-9883 | |
dc.identifier.uri | http://hdl.handle.net/1885/139164 | |
dc.description.abstract | Jamaica's electricity sector faces supply-side challenges. Demand-side policies have the potential to improve electricity use efficiency and reduce the likelihood of electricity disruptions. In this paper, I use the bounds testing approach to cointegration to obtain long-run price elasticity of demand estimates for the period 1970–2014. The analysis focuses on aggregate electricity demand and three categories of consumers: residential, commercial, and industrial. The findings suggest that residential and industrial consumers are most responsive to price changes, with long-run price elasticities of demand of −0.82 and −0.25, respectively. Price-based approaches are likely to be more successful in slowing electricity demand growth in these sectors. | |
dc.format.mimetype | application/pdf | |
dc.publisher | Elsevier | |
dc.rights | © 2017 Elsevier B.V. | |
dc.source | Energy Economics | |
dc.subject | Bounds testing | |
dc.subject | Elasticity | |
dc.subject | Electricity demand | |
dc.title | Price and income elasticities of electricity demand: Evidence from Jamaica | |
dc.type | Journal article | |
local.identifier.citationvolume | 69 | |
dc.date.issued | 2018 | |
local.identifier.ariespublication | u4485658xPUB1420 | |
local.publisher.url | https://www.elsevier.com/ | |
local.type.status | Accepted Version | |
local.contributor.affiliation | Campbell, A., Crawford School of Public Policy, The Australian National University | |
local.bibliographicCitation.startpage | 19 | |
local.bibliographicCitation.lastpage | 32 | |
local.identifier.doi | 10.1016/j.eneco.2017.10.040 | |
dcterms.accessRights | Open Access | |
dc.provenance | http://www.sherpa.ac.uk/romeo/issn/0140-9883/..."Author's post-print on open access repository after an embargo period of between 12 months and 48 months" from SHERPA/RoMEO site (as at 11/01/18). | |
Collections | ANU Research Publications |
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