The residential demand for electricity in Japan: An examination using empirical panel analysis techniques

Nakajima, Tadahiro

doi:10.1016/j.asieco.2010.03.005

Cited by 36 publications

(31 citation statements)

References 14 publications

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“…For Israel, our estimates vary between 0.7 and 1 and are higher than the range (0.21-0.59) reported in Beenstock et al (1999) (using household aggregate data). For Japan, our estimates again vary substantially across functional forms, at 0.38 and 0.77, and are lower than the estimate of 1.3 reported in Nakajima (2010) (using prefecture-level aggregate data) but are comparable to those in the prior literature (Nakajima, 2010, Table 1), which lie between 0.37 and 0.47.…”

Section: Comparison To Prior Literaturecontrasting

confidence: 59%

A cross-country analysis of residential electricity demand in 11 OECD-countries

Krishnamurthy

Kriström

2015

Resource and Energy Economics

101

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JEL classification: Q4 Q41 C5 D12Keywords: Residential electricity demand Price elasticity a b s t r a c tWe provide consistent, cross-country estimates of price and income elasticity for households in 11 OECD countries. Using survey data from 2011 on annual consumption of electricity and samplederived average electricity price, we provide country-specific price elasticity estimates and average income elasticity estimates. For most countries in our sample, we find strong price responsiveness, with elasticities varying (in absolute value) between 0.27 for South Korea and 1.4 for Australia, and higher than 0.5 for most countries. Exploiting the presence of many attitudinal indicators in the dataset, we provide evidence that non-price related factors to affect energy demand; in particular, households' self-reported energy savings behaviour reduces demand between 2 and 4%. In contrast, we find very weak income responsiveness, with income elasticities varying from 0.07 to 0.16 and no evidence for heterogeneity across the countries in our sample. Our results regarding price elasticity are in contrast with those of many existing studies which find low-to-moderate price responsiveness, and adds to a few recent studies indicating more policy space for demand reduction than previously thought.

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Section: Comparison To Prior Literaturecontrasting

confidence: 59%

A cross-country analysis of residential electricity demand in 11 OECD-countries

Krishnamurthy

Kriström

2015

Resource and Energy Economics

101

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“…The study finds that in the long‐run residential demand for electricity is price elastic and income inelastic. Using Japanese panel data, Nakajima () examined residential demand for electricity in Japan as a function of the disposable income per household and the overall unit price of electricity for general consumers. The results from the empirical panel analysis techniques suggest that the price effect is negative and elastic while the income effect is inelastic.…”

Section: Literature Reviewmentioning

confidence: 99%

A Panel Data Analysis of the Demand for Electricity in Canada

Latif

2015

J of App Econs and Policy

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The article uses panel data from the Statistics Canada (1983–2010) to examine the determinants of electricity consumption in Canada. The estimations from the Fully Modified Ordinary Least square (OLS) and Dynamic OLS models suggest that per capita real Gross Domestic Production (GDP) has a significant positive while electricity price has a negative, but insignificant impact on per capita electricity consumption. The study uses Panel Vector Error Correction Model (VECM) to examine long and short run causality among the variables. The Panel VECM results suggest that there is a long run causal relationship among electricity consumption, real GDP and electricity price. The Panel VECM results further suggest that unidirectional short run causality runs from per capita real GDP to per capita electricity consumption.

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“…The empirical findings provide support for stable short‐ and long‐run relationships. Among other demand models are Nakajima (), who examines the residential demand for electricity in Japan. The results show that price is elastic whereas income inelastic.…”

Section: Electricity Demand Modelmentioning

confidence: 99%

Demand, Customer Base‐line and Demand Response in the Electricity Market: A Survey

Heshmati

2013

Journal of Economic Surveys

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The increasing use of demand‐side management, as a tool to reliably meet electricity demands at peak time, has stimulated interest among researchers, consumers and producer organiza‐tions, managers, regulators and policymakers. This research reviews the growing literature on models which are used to study demand, customer base‐line (CBL) and demand response in the electricity market. After characterizing the general demand models, the CBL, based on which the demand response models are studied, is reviewed. Given the experience gained from the review and existing conditions, the study combines an appropriate model for each case for a possible application to the electricity market; moreover, it discusses the implications of the results. In the literature, these aspects are studied independently. The main contribution of this survey is attributed to the treatment of the three issues as sequentially interdependent. The review is expected to enhance the understanding of the demand, CBL and demand response in the electricity market and their relationships. The objective is conducted through a combination of demand and supply side managements in order to reduce demand through different demand response programs during peak times. This enables electricity suppliers to save costly electricity generation and at the same time reduce energy vulnerability.

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The residential demand for electricity in Japan: An examination using empirical panel analysis techniques

Cited by 36 publications

References 14 publications

A cross-country analysis of residential electricity demand in 11 OECD-countries

A cross-country analysis of residential electricity demand in 11 OECD-countries

A Panel Data Analysis of the Demand for Electricity in Canada

Demand, Customer Base‐line and Demand Response in the Electricity Market: A Survey

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