Determinants of residential electricity demand: Evidence from Japan
Determinants of residential electricity demand: Evidence from Japan
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住宅电力需求的决定因素:来自日本的证据
DOI:
10.1108/ijesm-07-2015-0004
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发表时间:
2016
影响因子:
3.1
通讯作者:
Akihiro Otsuka and Shoji Haruna
中科院分区:
文献类型:
--
作者:
Otsuka Akihiro;Goto Mika;Akihiro Otsuka;Akihiro Otsuka;Akihiro Otsuka and Shoji Haruna
PurposeThis paper aims to estimate electricity demand functions in Japan’s residential sector.Design/methodology/approachThe authors use a partial adjustment model and empirically analyze regional residential electricity demand by using data on 47 Japanese prefectures.FindingsThe results reveal that the price elasticity of residential electricity demand during the analytical period (1990-2010) is remarkably different among prefectures, depending on the magnitude of floor space per household. In addition, this study finds that price elasticity is high compared with income elasticity, implying that residential electricity demand changes with rates. Furthermore, an analysis of factors influencing electricity demand in the residential sector shows that increasing electricity demand growth in each region can be attributable mainly to declining electricity rates and increasing number of households.Research limitations/implicationsThese results suggest that monitoring the electricity rates and the number of households is important for forecasting future residential electricity demand at region.Originality/valueThe study considers the impact of the number of households on overall electricity demand and identifies other factors contributing to growth in residential electricity demand. The findings can be used to derive projections for future electricity demand.