Energy
4 years ago

Lower income, higher prices drive residential electricity demand in Australia.

Fuel and Energy Abstracts
05/01599 The residential demand for electricity in Australia: An application of the bounds testing approach to cointegration

Paper Summary

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The study looked at how people in Australia use electricity at home. They found that income and prices are the main factors affecting electricity use in the long term. Short-term changes in electricity use are smaller. Temperature sometimes affects electricity use, but gas prices don't.