Urban Residential Demand for Electricity in China by Income and Temperature Levels
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초록
This paper estimates urban residential electricity demand in China with six regional groups based on different income and temperature. The empirical results are as follows: First, electricity consumption decreases with higher electricity price. The price elasticity is the greatest in the low income and mild temperature regions. Second, electricity consumption increases with higher income. The income elasticities in the high income and cold regions are greater than other regions. Third, the government policy for controlling electricity consumption needs to consider decreasing price elasticity as income grows.
Abstract
This paper estimates urban residential electricity demand in China with six regional groups based on different income and temperature. The empirical results are as follows: First, electricity consumption decreases with higher electricity price. The price elasticity is the greatest in the low income and mild temperature regions. Second, electricity consumption increases with higher income. The income elasticities in the high income and cold regions are greater than other regions. Third, the government policy for controlling electricity consumption needs to consider decreasing price elasticity as income grows.
참고문헌 (31)
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