Electricity demand elasticity and regional effects: Spatial econometric approach

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Abstract

This paper presents an empirical analysis of residential electricity demand in the regions of Russia. The purpose of the study is to estimate regional electricity demand considering the existence of spatial effects. Spatial econometrics models are estimated for 78 regions of Russia for the period 2005-2017. The results show that demand depends not only on factors that stressed out in the theory of consumer choice, but also there are spatial spillovers. Furthermore, the results show absence of income elasticity, but rather high price elasticity compared to other countries.

Original languageEnglish
Pages (from-to)76-95
Number of pages20
JournalApplied Econometrics
Volume58
DOIs
Publication statusPublished - 2020

Keywords

  • Demand estimation
  • Electricity market
  • Russian regions
  • Spatial econometrics

OECD FOS+WOS

  • 5.02 ECONOMICS AND BUSINESS

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