Modelling residential electricity demand in the GCC countries

• Published in: Energy economics Vol. 59; pp. 149 - 158
• Main Authors: Atalla, Tarek N., Hunt, Lester C.
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier B.V 01.09.2016; Elsevier Science Ltd
• Subjects: Consumers; Consumption; Demand; Economic models; Efficiency; Electric appliances; Electric power demand; Electricity; Electricity consumption; Electricity pricing; Energy consumption; Energy demand; Energy economics; Energy policy; GCC residential electricity demand; GDP; Gross Domestic Product; Guanosine diphosphate; Household appliances; Human behavior; Impact of weather and exogenous underlying energy demand trend (UEDT); Income; International cooperation; Marketing; Policy making; Price elasticity; Price increases; Prices; Real variables; Residential energy; Stochasticity; Structural time series model; Studies; Weather; Impact of weather and exogenous underlying energy demand trend (UEDT); Q43; C22; Structural time series model; GCC residential electricity demand; Q41

This paper aims at understanding the drivers of residential electricity demand in the Gulf Cooperation Council countries by applying the structural time series model. In addition to the economic variables of GDP and real electricity prices, the model accounts for population, weather, and a stochasti...