Responsiveness to energy price changes when salience is high: Residential natural gas demand in Ukraine
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F20%3A10414617" target="_blank" >RIV/00216208:11230/20:10414617 - isvavai.cz</a>
Alternative codes found
RIV/00216208:11690/20:10414617
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=SiUACT~l-6" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=SiUACT~l-6</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.enpol.2020.111534" target="_blank" >10.1016/j.enpol.2020.111534</a>
Alternative languages
Result language
angličtina
Original language name
Responsiveness to energy price changes when salience is high: Residential natural gas demand in Ukraine
Original language description
Despite its importance for policy purposes, evidence about the price elasticity of natural gas demand in the residential sector is very limited and based on inference from situations with modest variation in prices. We focus on a locale and time when price changes were extreme and salient to consumers, namely Ukraine between 2013 and 2017. We exploit the tariff reforms and detailed micro-level household consumption records to assess whether consumers adjust their consumption in response to the rate changes and estimate the price elasticity of the demand for natural gas. To isolate behavior, attention is restricted to those households that made no structural energy-efficiency upgrades to their homes, thus keeping the stock of gas-using capital fixed. We find that households are capable of reducing consumption, even without installing insulation or making any other structural modifications to their homes. The price elasticity is about -0.16. Wealthier households, people living in multifamily buildings, and heavy users have more inelastic demands. Households reduced consumption even when they received government assistance. This, and the fact the demand is inelastic, especially for wealthier households, bode well for tariffs or energy tax schemes where wealthier households subsidize the consumption of the poorer ones.
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/GX19-26812X" target="_blank" >GX19-26812X: Frontiers in Energy Efficiency Economics and Modelling - FE3M</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Energy Policy
ISSN
0301-4215
e-ISSN
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Volume of the periodical
144
Issue of the periodical within the volume
September
Country of publishing house
GB - UNITED KINGDOM
Number of pages
15
Pages from-to
"nestránkovano"
UT code for WoS article
000565664700011
EID of the result in the Scopus database
2-s2.0-85085764660