콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology Science/Technology
Territorial Development Environment

Print

Analysis of the effects of temperature fluctuations on monthly electricity demand : The Korean case

Related Document
Frame of Image  the long-run and short-run effects of economic covariates, such as price and income, using an error-correction model. Because of the obvious effects of temperature on the demand for electricity in heating and cooling, previous studies typically employ a temperature-based metric to control for short-run temperature-induced fluctuations in demand, which occur at seasonal and higher frequencies. By controlling instead for long-run influences on electricity demand, we focus on modeling these short-run (SR) demand fluctuations, which we may think of as the SR component of electricity demand. We may view the response of the SR demand component to temperature as a temperature response function (TRF). In modeling temperature effects, researchers have long recognized the inadequacy of temporally aggregated measures of temperature, such as a monthly average. A linear TRF based on a monthly average temperature suffers from at least two major well-known deficiencies : linearity fails to capture increased demand at both very high and very low temperatures, and the monthly average may not adequately reflect usage during periods of temperature extremes in a given month. The standard method for handling these deficiencies has been to employ heating degree days (HDD) and cooling degree days (CDD), which measure the number of degrees that the daily average temperatures in a given period – say, a month – fall below (for HDD) or rise above (for CDD) a threshold value,
1) This article draws heav


Full Text
Title Analysis of the effects of temperature fluctuations on monthly electricity demand
Similar Titles
Sub Title

The Korean case

Material Type Articles
Author(English)

Park, Sungkeun

Publisher

[Sejong, south Korea]:Korea Institute for Industrial Economics&Trade

Date 2016
Journal Title; Vol./Issue KIET Insudtry economic review:vol. 21(no. 4)
Pages 12
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < Science/Technology
Territorial Development < Environment
Holding KIET