Response to Extreme Energy Price Changes: Evidence from Ukraine
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F19%3A10387950" target="_blank" >RIV/00216208:11230/19:10387950 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11690/19:10387950
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=WnTkiqIFy" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=WnTkiqIFy</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5547/01956574.40.1.aalb" target="_blank" >10.5547/01956574.40.1.aalb</a>
Alternative languages
Result language
angličtina
Original language name
Response to Extreme Energy Price Changes: Evidence from Ukraine
Original language description
Large but temporary price increases are sometimes deployed on days when the demand for electricity is extremely high due to exceptionally warm or cold weather. But what happens when the extreme price changes are permanent? Between January 2013 and April 2016, natural gas and electricity prices in Ukraine increased dramatically (up to 300% of the initial rates). We exploit variation in tariffs over time and across customers to estimate the price elasticity of electricity demand using a panel dataset with monthly meter readings from households in Uzhhorod in Ukraine. The price elasticity of electricity demand is -0.2 to -0.5, with the bulk of our estimates around -0.3. The elasticity becomes up to 50% more pronounced over the first three months since prices change. We find only limited evidence that persons who are attentive about their consumption levels, their bills, or the tariffs are more responsive to the price changes.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
<a href="/en/project/GA16-00027S" target="_blank" >GA16-00027S: Beyond Green Paradoxes: Microeconomic, Econometric and Meta-Analysis Framework for Investigation of Unintended Effects of Climate and Energy Policies</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Energy Journal
ISSN
0195-6574
e-ISSN
—
Volume of the periodical
40
Issue of the periodical within the volume
1
Country of publishing house
US - UNITED STATES
Number of pages
24
Pages from-to
189-212
UT code for WoS article
000454867200009
EID of the result in the Scopus database
2-s2.0-85060703845