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Electricity load and temperature - issues in dynamic specification

Peirson, John D., Henley, Andrew (1994) Electricity load and temperature - issues in dynamic specification. Energy Economics, 16 (4). pp. 235-243. ISSN 0140-9883. (doi:10.1016/0140-9883(94)90021-3) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:19939)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL:
http://dx.doi.org/10.1016/0140-9883(94)90021-3

Abstract

This paper considers the dynamic specification of the relationship between electricity load and air temperature. It is shown that this relationship has an important dynamic component and that ignoring this appears to bias the estimated effects of temperature on load. It is also shown that forms of autoregressive specification may give a good explanation of present load even if there are no dynamics in the causal relation. The assumptions underlying effective temperature and its empirical validity are investigated. Dynamic specification of the temperature response is shown to be conditional on the time of day, which brings into question the use of the effective temperature concept.

Item Type: Article
DOI/Identification number: 10.1016/0140-9883(94)90021-3
Uncontrolled keywords: Electricity load; Temperature; Dynamic specification
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: O.O. Odanye
Date Deposited: 05 Jul 2009 17:46 UTC
Last Modified: 16 Nov 2021 09:58 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/19939 (The current URI for this page, for reference purposes)

University of Kent Author Information

Peirson, John D..

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