Residential Demand for Electricity in Los Angeles

An Econometric Study of Disaggregated Data

Jan Paul Acton, Bridger M. Mitchell, Ragnhild Sohlberg Mowill

ResearchPublished 1976

A model of demand for alternative forms of energy is developed which separately identifies short- and long-run adjustments in response to changes in energy prices and other factors related to energy demand. Estimates are presented of the determinants of household demand for electricity based on highly disaggregated data from Los Angeles County from the summer of 1972 to the summer of 1974. The results are highly statistically significant and show that the short-run effect of a change in the marginal price of electricity is to produce an elasticity of about -0.35. The longer run adjustment shows an own-price elasticity in the intensity of utilization of about -0.70. The overall quality of the results supports the value of using highly disaggregated data; a specification that distinguishes between short- and long-run components of demand; and theoretically correct variables, such as the marginal price of energy instead of the average price.

Order a Print Copy

Format
Paperback
Page count
90 pages
List Price
$25.00
Buy link
Add to Cart

Topics

Document Details

  • Copyright: RAND Corporation
  • Availability: Available
  • Year: 1976
  • Print Format: Paperback
  • Paperback Pages: 90
  • Paperback Price: $25.00
  • Document Number: R-1899-NSF

Citation

RAND Style Manual
Acton, Jan Paul, Bridger M. Mitchell, and Ragnhild Sohlberg Mowill, Residential Demand for Electricity in Los Angeles: An Econometric Study of Disaggregated Data, RAND Corporation, R-1899-NSF, 1976. As of October 11, 2024: https://www.rand.org/pubs/reports/R1899.html
Chicago Manual of Style
Acton, Jan Paul, Bridger M. Mitchell, and Ragnhild Sohlberg Mowill, Residential Demand for Electricity in Los Angeles: An Econometric Study of Disaggregated Data. Santa Monica, CA: RAND Corporation, 1976. https://www.rand.org/pubs/reports/R1899.html. Also available in print form.
BibTeX RIS

This publication is part of the RAND report series. The report series, a product of RAND from 1948 to 1993, represented the principal publication documenting and transmitting RAND's major research findings and final research.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.