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The price elasticity of electricity demand in the United States: A three-dimensional analysis

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dc.contributor.authorBurke, Paul J.
dc.contributor.authorAbayasekara, Ashani
dc.date.accessioned2018-03-04T23:31:39Z
dc.date.issued2018
dc.description.abstractIn this paper we employ a dataset of three dimensions—state, sector, and year—to estimate the short- and long-run price elasticities of state-level electricity demand in the United States. Our sample covers the period 2003–2015. We contribute to the literature by employing instrumental variable estimation approaches, using the between estimator, and pursuing panel specifications that enable us to control for multiple dimensions of fixed effects. We conclude that state-level electricity demand is very price inelastic in the short run, with a same-year elasticity of –0.1. The long-run elasticity is near –1, larger than often believed. Among the sectors, it is industry that has the largest long-run price elasticity of demand. This appears to in part be due to electricity-intensive industrial activities clustering in low-price states.en_AU
dc.description.sponsorshipAustralian Research Council (DE160100750).en_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.citationBurke, Paul J. and Abayasekara, Ashani. 2018. “The price elasticity of electricity demand in the United States: A three-dimensional analysis.” The Energy Journal 39(2), 123–145.en_AU
dc.identifier.issn0195-6574en_AU
dc.identifier.urihttp://hdl.handle.net/1885/141161
dc.publisherInternational Association for Energy Economicsen_AU
dc.relationhttp://purl.org/au-research/grants/arc/DE160100750en_AU
dc.rights© 2018 by the IAEEen_AU
dc.sourceThe Energy Journalen_AU
dc.source.urihttps://www.iaee.org/energyjournal/article/3055en_AU
dc.subjectelectricity demanden_AU
dc.subjectprice elasticityen_AU
dc.subjectUnited Statesen_AU
dc.subjectpanelen_AU
dc.titleThe price elasticity of electricity demand in the United States: A three-dimensional analysisen_AU
dc.typeJournal articleen_AU
dcterms.accessRightsOpen Accessen_AU
local.bibliographicCitation.issue2en_AU
local.bibliographicCitation.lastpage145en_AU
local.bibliographicCitation.startpage123en_AU
local.contributor.affiliationPaul J. Burke, The Australian National Universityen_AU
local.contributor.authoruidu4372088en_AU
local.description.notesA working paper version (pre-print) is available here: https://ideas.repec.org/p/een/camaaa/2017-50.htmlen_AU
local.identifier.absfor140205 - Environment and Resource Economicsen_AU
local.identifier.absseo850603 - Energy Systems Analysisen_AU
local.identifier.ariespublicationU1061771xPUB5
local.identifier.citationvolume39en_AU
local.identifier.doi10.5547/01956574.39.2.pburen_AU
local.publisher.urlhttps://www.iaee.org/energyjournal/article/3055en_AU
local.type.statusPublished Versionen_AU

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