Residential demand for electricity in Los Angeles: an econometric study of disaggregated data

Abstract

This report estimates demand functions in order to provide more accurate predictions of the consequences of changes in energy prices and other factors on household consumption of electricity. The authors employ an accurate data base, and make the specification of the estimating equations more satisfactory by measuring separately the factors associated with short-run and long-run adjustment. They present an estimation that employs measures of price in accordance with economic theory, and offer an analysis that pays particular attention to factors that permit an examination of distributional consequences.