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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

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • 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