Electricity load and temperature - issues in dynamic specification

Peirson, J. and Henley, A. (1994) Electricity load and temperature - issues in dynamic specification. Energy Economics, 16 (4). pp. 235-243. ISSN 0140-9883. (The full text of this publication is not available from this repository)

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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
Uncontrolled keywords: Electricity load; Temperature; Dynamic specification
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: O.O. Odanye
Date Deposited: 05 Jul 2009 17:46
Last Modified: 05 Jul 2009 17:46
Resource URI: http://kar.kent.ac.uk/id/eprint/19939 (The current URI for this page, for reference purposes)
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