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Household electricity demand in Latin America and the Caribbean: A meta-analysis of price elasticity

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  • Zabaloy, Maria Florencia
  • Viego, Valentina

Abstract

Studying the price elasticity of demand is essential when considering rate policies in the electricity sector. This research aims to perform a meta-analysis and a meta-regression of the price elasticity of electricity demand for the residential sector in Latin American and Caribbean countries. Results show that the true value of the short-term price elasticity is between −0.197 and −0.468 and, for the long-term, is between −0.252 and −0.331. Findings differ substantially when studies are classified by their quality in econometric procedures. The long-term price elasticity seems to be lower than estimates found for other regions.

Suggested Citation

  • Zabaloy, Maria Florencia & Viego, Valentina, 2022. "Household electricity demand in Latin America and the Caribbean: A meta-analysis of price elasticity," Utilities Policy, Elsevier, vol. 75(C).
    • Handle: RePEc:eee:juipol:v:75:y:2022:i:c:s0957178721001673
    DOI: 10.1016/j.jup.2021.101334
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