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Residential Electricity Demand: A Suggested Appliance Stock Equation

1984; SAGE Publishing; Volume: 5; Issue: 2 Linguagem: Inglês

10.5547/issn0195-6574-ej-vol5-no2-11

1944-9089

Christopher Garbacz,

Building Energy and Comfort Optimization

A large amount of work in residential electricity demand has relied on logit estimation of a disaggregated appliance stock. (See the seminal work by McFadden et al., 1977.) While this approach may be suitable for certain types of models with certain goals in mind, a simple formulation of an appliance stock equation may sometimes be appropriate. For example, if the goal is to estimate seasonal patterns in elasticities employing a national micro-data set (as in the National Interim Energy Consumption Survey 1978-1979; see U.S. Department of Energy, 1980), then it may be appropriate to develop an appliance stock equation to predict the size of an appliance stock index (approximating a continuous variable). The present appliance stock equation is part of a three-equation model that is estimated in log-linear form via 2SLS.