Turning on the Lights: A Meta-Analysis of Residential Electricity Demand Elasticities

By J. Espey, M. Espey. Journal of Agricultural and Applied Economics, 2004

391 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/9cdb08aa4e397053301b25da4f5c3f4ed9cc6e0b

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In Electrical and Electronic Engineering

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Citations in the corpus

The rebound effect: an assessment of the evidence for economy-wide energy savings from improved energy efficiency (2007, background): “However, reviews of this literature generally suggest that energy demand is inelastic in the majority of sectors in OECD countries (i.e. ) (Dahl and Sterner, 1991; Dahl, 1993; 1994; Espey, 1998; Graham and Glaister, 2002; Hanley, et al., 2002; Espey and Espey, 2004).”
The price elasticity of electricity demand in South Australia (2011, methodology): “Espey and Espey (2004) provided a quantitative summary of previous studies on residential electricity demand, and they used a Meta-analysis to determine whether there are factors that systematically affect the estimated elasticity.”
Price Knowledge in Household Demand for Utility Services (2005, background): “These sources of price perceptions may go beyond the substitution and budget share factors often cited as the cause of relatively low price elasticities for utility services (e.g., Espey, Espey, and Shaw 1997; Espey and Espey 2004).”
Price and income elasticities of residential energy demand in Germany (2017, methodology): “on energy consumption for many countries can be found, but to the best of our knowledge, there is no up to date contribution with respect to German households (Espey and Espey, 2004; Krishnamurthy and Kriström, 2015; Meier et al., 2013a; Narayan et al., 2007; Nikodinoska and Schröder, 2016). In part”
Intermittency and the Value of Renewable Energy (2011, neutral): “Short-run electricity demand is typically estimated to be quite price inelastic (see Espey and Espey [2004] for a survey and meta-analysis).”
Sensitivity of Price Elasticity of Demand to Aggregation, Unobserved Heterogeneity, Price Trends, and Price Endogeneity: Evidence from U.S. Data (2016, neutral): “In general, it is assumed that the price elasticity of demand for electricity is low; a meta-analysis by Espey and Espey (2004), for example, reports that the median short run elasticity for 36 studies is -0.28.”
Environment versus growth — A criticism of "degrowth" and a plea for "a-growth" (2011, background): “The first is not convincing: to illustrate, we know from empirical research that people are sensitive to prices which means that price regulation of energy or CO2 definitely would alter consumption (and production) patterns and in turn reduce pollutive emissions (e.g., Espey et al., 1997; Espey, 199”
Living up to expectations: Estimating direct and indirect rebound effects for UK households (2015, result): “For comparison, a review of studies by Espey and Espey (2004) found a mean shortrun elasticity of -0.35 (median -0.28) for electricity; a study by Asche et al. (2008) found short run elasticities of household natural gas demand to be -0.25 or less; and a review of studies by Goodwin et al. (2004)…”
A Partial Adjustment Model of U.S. Electricity Demand by Region, Season, and Sector (2009, methodology): “Houthakker et al. (1974) and Houthakker (1980) used this approach to model residential electricity demand and estimate price elasticities at the national and regional levels.”
Residential Demand Response: Dynamic Energy Management and Time-Varying Electricity Pricing (2016, background): “Espey and Espey [7] summarize several studies of residential electricity demand elasticities, confirming the elasticity of residential demand for electricity in the United States.”
Household Size and Residential Water Demand: An Empirical Approach (2010, background): “2003; Worthington and Hoffmann 2008), like energy residential demand (Madlener 1996; Espey and Espey 2004).”
Response of residential electricity demand to price: The effect of measurement error (2011, background): “1 For a recent exhaustive review on studies estimating the residential electricity demand see Espey and Espey (2004).”
A meta-analysis on the price elasticity of energy demand (2017, neutral): “Regarding price elasticities of other energy sources, Espey and Espey (2004) carried out the only meta-analysis of studies on residential electricity demand.”
A game-theoretic approach for optimal time-of-use electricity pricing (2013, background): “There have been several studies such as [5], [20], and [21] that estimate electricity price elasticities.”