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Residential Demand for Electrical Appliances and Electricity in the Federal Republic of Germany

The description and the forecast of residential electricity consumption is not only important for many areas of economic policy but also for the long-term investment plans of enterprises supplying electrical power. In the past most projections of future residential electricity demand have missed their target values. Besides erroneous assumptions concerning the development of exogeneous variables, there is strong evidence that misspecification of underlying relations and neglect of aggregation problems have contributed to this.

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

JEL Codes: Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, D12: Consumer Economics: Empirical Analysis, C58: Financial Econometrics, C51: Model Construction and Estimation

Keywords: Electric appliance demand, Residential sector, Germany, Current household survey

DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No1-5

Published in Volume 8, Number 1 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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