Journal article

Residential electricity demand in Spain : new empirical evidence using aggregate data

  • Blázquez, Leticia Department of Spanish and International Economics, Econometrics and Economic History and Institutions, Toledo Faculty of Law and Social Sciences, University of Castilla-La Mancha, Toledo, Spain
  • Boogen, Nina CEPE-Centre for Energy Policy and Economics, Federal Institute of Technology, Zurich, Switzerland
  • Filippini, Massimo Istituto di economia politica (IdEP), Facoltà di scienze economiche, Università della Svizzera italiana, Svizzera
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  • Energy economics. - Elsevier B.V.. - 2013, vol. 36, p. 648-657
English This paper presents an empirical analysis on residential demand for electricity. This analysis has been performed using aggregate panel data at the province level for 47 Spanish provinces for the period from 2000 to 2008. For this purpose, we estimated a log–log demand equation for electricity consumption using a dynamic partial adjustment approach. This dynamic demand function has been estimated using a two-step system GMM estimator proposed by Blundell and Bond (1998). The purpose of this empirical analysis is to highlight some of the characteristics of Spanish residential electricity demand. Particular attention has been paid to the influence of price, income, and weather conditions on electricity demand. The estimated short and long-run own price elasticities are negative, as expected, but lower than 1. Furthermore, weather variables have a significant impact on electricity demand.
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