An econometric estimation of 1995 and 2004 demand for household electricity in the Philippines and its implications to feasibility of prepaid electricity system
One of the most important utilities that different economic sectors are regularly using and demanding for is electricity. Out of these sectors, the households are one of the major sectors demanding and consuming electricity to satisfy daily needs. However, there have only been a few studies lately d...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2014
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/11218 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | One of the most important utilities that different economic sectors are regularly using and demanding for is electricity. Out of these sectors, the households are one of the major sectors demanding and consuming electricity to satisfy daily needs. However, there have only been a few studies lately discussing the demand for household electricity in the Philippines. It is very significant to estimate demand for household electricity because it will determine how sensitive consumers are to changes in income, own prices, and prices of substitutes that affect household electricity consumption. In addition, the study will be used to suggest policies like introducing the prepaid electricity system. In line with this, the group will be estimating the demand for household electricity. We will be analyzing the market demand and elasticities of consumers to household electricity by using a pooled regression model and determine the price and income elasticities by using a logarithmic model, ceteris paribus. The results of the study show that households are price inelastic in terms of their demand for electricity because it is still a necessity. |
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