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The distributed lag between electricity demand and price
Author(s) -
Lucas N. J. D.,
Seng Loo Kok
Publication year - 1988
Publication title -
international journal of energy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.808
H-Index - 95
eISSN - 1099-114X
pISSN - 0363-907X
DOI - 10.1002/er.4440120214
Subject(s) - distributed lag , lag , electricity price , economics , electricity demand , time lag , electricity , demand response , econometrics , monetary economics , microeconomics , electricity generation , power (physics) , engineering , thermodynamics , computer science , computer network , physics , electrical engineering
This paper investigates the lagged relationship between electricity price changes and consumer response. It finds some evidence that price rises can induce rather long‐term effects with detectable influence up to a decade. This tentative conclusion is important because it implies that recent increases may have a greater effect on future demand than is normally supposed.