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Natural gas demand at the utility level: An application of dynamic elasticities

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dc.contributor.author Dagher, L.
dc.contributor.editor
dc.date 2012
dc.date.accessioned 2017-10-03T15:55:05Z
dc.date.available 2017-10-03T15:55:05Z
dc.date.issued 2012
dc.identifier 10.1016/j.eneco.2011.05.010
dc.identifier.isbn
dc.identifier.issn 01409883
dc.identifier.uri http://hdl.handle.net/10938/12979
dc.description.abstract Previous studies provide strong evidence that energy demand elasticities vary across regions and states, arguing in favor of conducting energy demand studies at the smallest unit of observation for which good quality data are readily available, that is the utility level. We use monthly data from the residential sector of Xcel Energy's service territory in Colorado for the period January 1994 to September 2006. Based on a very general Autoregressive Distributed Lag model this paper uses a new approach to simulate the dynamic behavior of natural gas demand and obtain dynamic elasticities. Knowing consumers' response on a unit time basis enables one to answer a number of questions, such as, the length of time needed to reach demand stability. Responses to price and income were found to be much lower-even in the long run-than has been commonly suggested in the literature. Interestingly, we find that the long run equilibrium is reached relatively quickly, around 18. months after a change in price or income has occurred, while the literature implies a much longer period for complete adjustments to take place. © 2011 Elsevier B.V.
dc.format.extent
dc.format.extent Pages: (961-969)
dc.language English
dc.publisher AMSTERDAM
dc.relation.ispartof Publication Name: Energy Economics; Publication Year: 2012; Volume: 34; no. 4; Pages: (961-969);
dc.relation.ispartofseries
dc.relation.uri
dc.source Scopus
dc.subject.other
dc.title Natural gas demand at the utility level: An application of dynamic elasticities
dc.type Article
dc.contributor.affiliation Dagher, L., American University of Beirut, Department of Economics, P.O. Box 11-0236, Riad El Solh, Beirut 1107-2020, Lebanon
dc.contributor.authorAddress Dagher, L.; American University of Beirut, Department of Economics, P.O. Box 11-0236, Riad El Solh, Beirut 1107-2020, Lebanon; email: ld08@aub.edu.lb
dc.contributor.authorCorporate University: American University of Beirut; Faculty: Faculty of Arts and Sciences; Department: Economics;
dc.contributor.authorDepartment Economics
dc.contributor.authorDivision
dc.contributor.authorEmail ld08@aub.edu.lb
dc.contributor.faculty Faculty of Arts and Sciences
dc.contributor.authorInitials Dagher, L
dc.contributor.authorOrcidID
dc.contributor.authorReprintAddress Dagher, L (reprint author), Amer Univ Beirut, Dept Econ, POB 11-0236, Beirut 11072020, Lebanon.
dc.contributor.authorResearcherID
dc.contributor.authorUniversity American University of Beirut
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dc.description.citedCount 4
dc.description.citedTotWOSCount 2
dc.description.citedWOSCount 1
dc.format.extentCount 9
dc.identifier.articleNo
dc.identifier.coden EECOD
dc.identifier.pubmedID
dc.identifier.scopusID 84862231367
dc.identifier.url
dc.publisher.address PO BOX 211, 1000 AE AMSTERDAM, NETHERLANDS
dc.relation.ispartofConference
dc.relation.ispartofConferenceCode
dc.relation.ispartofConferenceDate
dc.relation.ispartofConferenceHosting
dc.relation.ispartofConferenceLoc
dc.relation.ispartofConferenceSponsor
dc.relation.ispartofConferenceTitle
dc.relation.ispartofFundingAgency
dc.relation.ispartOfISOAbbr Energy Econ.
dc.relation.ispartOfIssue 4
dc.relation.ispartOfPart
dc.relation.ispartofPubTitle Energy Economics
dc.relation.ispartofPubTitleAbbr Energy Econ.
dc.relation.ispartOfSpecialIssue
dc.relation.ispartOfSuppl
dc.relation.ispartOfVolume 34
dc.source.ID WOS:000306158000011
dc.type.publication Journal
dc.subject.otherAuthKeyword ADL
dc.subject.otherAuthKeyword Colorado
dc.subject.otherAuthKeyword Dynamic elasticities
dc.subject.otherAuthKeyword Natural gas demand
dc.subject.otherChemCAS
dc.subject.otherIndex ADL
dc.subject.otherIndex Auto-regressive
dc.subject.otherIndex Colorado
dc.subject.otherIndex Demand stability
dc.subject.otherIndex Dynamic behaviors
dc.subject.otherIndex Dynamic elasticity
dc.subject.otherIndex Energy demands
dc.subject.otherIndex Lag model
dc.subject.otherIndex Natural gas demand
dc.subject.otherIndex Quality data
dc.subject.otherIndex Residential sectors
dc.subject.otherIndex Smallest unit
dc.subject.otherIndex Xcel energies
dc.subject.otherIndex Energy management
dc.subject.otherIndex Natural gas
dc.subject.otherIndex Elasticity
dc.subject.otherIndex demand ela
dc.subject.otherKeywordPlus ENERGY DEMAND
dc.subject.otherKeywordPlus ELECTRICITY DEMAND
dc.subject.otherKeywordPlus STRUCTURAL-CHANGE
dc.subject.otherKeywordPlus MODELS
dc.subject.otherKeywordPlus VARIABLES
dc.subject.otherKeywordPlus ERROR
dc.subject.otherKeywordPlus TESTS
dc.subject.otherWOS Economics


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