An Econometric Analysis of Peak Electricity Demand in the Short-Run
Roger R. Betancourt
,
1
(
3
)
Energy Economics
14-29
January
1981
Abstract
Different functional forms for the analysis of electricity demand are developed and compared to the popular double log demand model. These functional forms are characterized by an increased sensitivity of electricity demand to price changes as prices increase and decreased sensitivity as the weather becomes more extreme. These two features capture popular notions in industry about electricity demand behaviour.