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The impact of Singapore’s residential electricity conservation efforts and the way forward. Insights from the bounds testing approach

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  • Loi, Tian Sheng Allan
  • Loo, Soh Leng

Abstract

This article provides fresh empirical evidence of residential electricity demand in Singapore over the period of 1980–2014, using the bounds testing procedure to cointegration. The residential electricity demand comprises of income, price, temperature, rainy days, old-age dependency and the impact of energy efficiency policies. Our results are consistent with previous studies, where income and price elasticities are inelastic. Hence, from a policy perspective, subsidies will not be effective in reducing electricity demand. We also found that old-age dependency is an important determinant that reduces electricity consumption at least in the short-run, suggesting that policies that target the younger population may bring more savings.

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  • Loi, Tian Sheng Allan & Loo, Soh Leng, 2016. "The impact of Singapore’s residential electricity conservation efforts and the way forward. Insights from the bounds testing approach," Energy Policy, Elsevier, vol. 98(C), pages 735-743.
    • Handle: RePEc:eee:enepol:v:98:y:2016:i:c:p:735-743
    DOI: 10.1016/j.enpol.2016.02.045
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    3. Agarwal, Sumit & Sing, Tien Foo & Sultana, Mahanaaz, 2022. "Public media campaign and energy conservation: A natural experiment in Singapore," Energy Economics, Elsevier, vol. 114(C).
    4. Loi, Tian Sheng Allan & Ng, Jia Le, 2018. "Anticipating electricity prices for future needs – Implications for liberalised retail markets," Applied Energy, Elsevier, vol. 212(C), pages 244-264.
    5. You, Siming & Neoh, Koon Gee & Tong, Yen Wah & Dai, Yanjun & Wang, Chi-Hwa, 2017. "Variation of household electricity consumption and potential impact of outdoor PM2.5 concentration: A comparison between Singapore and Shanghai," Applied Energy, Elsevier, vol. 188(C), pages 475-484.
    6. Donglan Zha & Pan Liu & Hui Shi, 2022. "Does population aging aggravate air pollution in China?," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 27(2), pages 1-14, February.

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