Why electricity demand is highly income-elastic in Spain: a cross-country comparison based on an index-decomposition analysis
J Pérez-García, J Moral-Carcedo - Energies, 2017 - mdpi.com
Since 1990, Spain has had one of the highest elasticities of electricity demand in the
European Union. We provide an in-depth analysis into the causes of this high elasticity, and
we examine how these same causes influence electricity demand in other European
countries. To this end, we present an index-decomposition analysis of growth in electricity
demand which allows us to identify three key factors in the relationship between gross
domestic product (GDP) and electricity demand:(i) structural change;(ii) GDP growth; and (iii) …
European Union. We provide an in-depth analysis into the causes of this high elasticity, and
we examine how these same causes influence electricity demand in other European
countries. To this end, we present an index-decomposition analysis of growth in electricity
demand which allows us to identify three key factors in the relationship between gross
domestic product (GDP) and electricity demand:(i) structural change;(ii) GDP growth; and (iii) …
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