Switching on electricity demand response: Evidence for German households

dc.contributor.author	Frondel, Manuel
dc.contributor.author	Kussel, Gerhard
dc.date.accessioned	2016-10-28T08:55:10Z
dc.date.available	2016-10-28T08:55:10Z
dc.date.issued	2016
dc.description.abstract	Empirical evidence on the response of German households to electricity price changes is sparse. Using panel data originating from Germany’s Residential Energy Consumption Survey (GRECS), we fill this void by employing an instrumental variable approach to cope with the endogeneity of the consumers’ tariff choice. By additionally exploiting our information on the households’ knowledge about power prices, we also employ an Endogenous Switching Regression Model to estimate price elasticities for two groups of households, finding that only those households that are informed about prices are sensitive to price changes, whereas the electricity demand of uninformed households is entirely price-inelastic.	en
dc.identifier.uri	http://hdl.handle.net/2003/35300
dc.identifier.uri	http://dx.doi.org/10.17877/DE290R-17343
dc.language.iso	en	de
dc.relation.ispartofseries	Discussion Paper / SFB823;54, 2016	en
dc.subject	price elasticity	en
dc.subject	information	en
dc.subject	switching regression model	en
dc.subject.ddc	310
dc.subject.ddc	330
dc.subject.ddc	620
dc.title	Switching on electricity demand response: Evidence for German households	en
dc.type	Text	de
dc.type.publicationtype	workingPaper	de
dcterms.accessRights	open access

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