IDEAS home Printed from https://ideas.repec.org/a/rje/bellje/v5y1974iautumnp515-539.html
   My bibliography  Save this article

The Effects of Higher Prices on Electricity Consumption

Author

Listed:
  • James M. Griffin

Abstract

This paper utilizes an econometric model of the electric utility industry to stimulate the effects of higher fuel prices on electricity demand and on the mix of fuel inputs to electricity generation. The model treats as endogenous electricity demand, electricity prices, the efficiency of fuel conversion, and the choice among coal, natural gas, residual fuel oil, and nuclear fuel inputs. The results here suggest that given projected fuel input prices, the short- and long-run impacts on electricity demand are likely to be small. The effects on fuel mix appear quite substantial in the intermediate and long run, but in the period of one year or less, fuel substitution possibilities appear fairly limited.

Suggested Citation

  • James M. Griffin, 1974. "The Effects of Higher Prices on Electricity Consumption," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 515-539, Autumn.
    • Handle: RePEc:rje:bellje:v:5:y:1974:i:autumn:p:515-539
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0005-8556%28197423%295%3A2%3C515%3ATEOHPO%3E2.0.CO%3B2-4&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Changqi Wu & Leonard K. Cheng, 2000. "Hong Kong's Business Regulation in Transition," NBER Chapters, in: Deregulation and Interdependence in the Asia-Pacific Region, pages 157-194, National Bureau of Economic Research, Inc.
    2. Athukorala, Wasantha & Wilson, Clevo & Managi, Shunsuke & Karunarathna, Muditha, 2019. "Household demand for electricity: The role of market distortions and prices in competition policy," Energy Policy, Elsevier, vol. 134(C).
    3. Narayan, Paresh Kumar & Smyth, Russell, 2005. "The residential demand for electricity in Australia: an application of the bounds testing approach to cointegration," Energy Policy, Elsevier, vol. 33(4), pages 467-474, March.
    4. Thomas J. Lareau, 1981. "Alternate Stationary Source Air Pollution Control Policies: a Welfare Analysis," Public Finance Review, , vol. 9(3), pages 281-307, July.
    5. Athukorala, P.P.A Wasantha & Wilson, Clevo, 2010. "Estimating short and long-term residential demand for electricity: New evidence from Sri Lanka," Energy Economics, Elsevier, vol. 32(Supplemen), pages 34-40, September.
    6. Twerefou, Daniel Kwabena & Abeney, Jacob Opantu, 2020. "Efficiency of household electricity consumption in Ghana," Energy Policy, Elsevier, vol. 144(C).
    7. Castro Rodríguez, Fidel, 1996. "La demanda de electricidad de largo plazo para el sector residencial español," DE - Documentos de Trabajo. Economía. DE 3378, Universidad Carlos III de Madrid. Departamento de Economía.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rje:bellje:v:5:y:1974:i:autumn:p:515-539. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rje.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.