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Regionally-varying and regionally-uniform electricity pricing policies compared across four usage categories

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  • Regionally-varying and regionally-uniform electricity pricing policies compared across four usage categories
  • Cho, Seong-Hoon; Kim, Taeyoug; Kim, Hyun Jae; Park, Kihyun; Roberts, Roland K.
  • University of Minnesota


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Title Regionally-varying and regionally-uniform electricity pricing policies compared across four usage categories
Similar Titles
Material Type Reports
Author(English)

Cho, Seong-Hoon; Kim, Taeyoug; Kim, Hyun Jae; Park, Kihyun; Roberts, Roland K.

Publisher

[Minneapolis, U.S.]:University of Minnesota

Date 2015
Pages 39
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Energy
Holding University of Minnesota

Abstract

The objective of our research is to predict how electricity demand varies spatially between status quo regionally-uniform electricity pricing and hypothetical regionally-varying electricity pricing across usage categories. We summarize the empirical results of a case study of electricity demand in South Korea with three key findings and their related implications. First, the price elasticities of electricity demand differ across usage categories. Specifically, electricity demands for manufacturing and retail uses were price inelastic and close to unit elastic, respectively, while those for agricultural and residential uses were not statistically significant. This information is important in designing energy policy, because higher electricity prices could reduce electricity demands for manufacturing and retail uses, resulting in slower growth in those sectors. Second, spatial spillovers in electricity demand vary across uses. (The rest omitted)

User Note

Selected Paper prepared for presentation at the 2015 Agricultural & Applied Economics Association and Western Agricultural Economics Association Annual Meeting, San Francisco, CA, July 26-28