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Residential Electricity Demand Modeling in the Australian Capital Territory: Preliminary Results

Abstract:
The demand for electricity has recently become a topic of major interest in Australia, where very little empirical analysis has been done (see Hawkins, 1975; Saddler et al., 1980; Department of National Development and Energy, 1981; Brian and Schuyers, 1981; and Donnelly and Saddler, 1982). Two of the policy issues being raised concern the appropriate pricing strategies that should be adopted by supplying authorities and the need for additional generating capacity. An understanding of the relative importance of the factors influencing electricity demand is required to aid public policy making, particularly since substantial investment is now being considered.

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Energy Specializations: Energy Modeling – Sectoral Energy Demand & Technology; Electricity – Markets and Prices

JEL Codes:
Q55 - Environmental Economics: Technological Innovation
D42 - Market Structure, Pricing, and Design: Monopoly

Keywords: Residential electricity demand, Australia ACT, Electricity demand elasticities

DOI: 10.5547/ISSN0195-6574-EJ-Vol5-No2-8


Published in Volume 5, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.