Residential energy demand per capita in the six countries belonging to the Gulf Cooperation Council (GCC) — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates — is significantly greater than in the OECD (Organisation for Economic Co-operation and Development) economies and China, and greater than the world average. Several factors might contribute to this remarkable situation, including the specific weather in the region, the fact that the administered nominal price for electricity is set at a level far below market price, and the domestic energy policies. Tarek Atalla from KAPSARC, Saudi Arabia and Lester Hunt from the University of Surrey, UK studied residential electricity consumption in the GCC and found that the estimated long-run price elasticity (a measure of the relationship between change in demand and change in price) for electricity is particularly low in the countries considered, ranging from −0.16 to 0.
Electricity demand: Consumption in the Persian Gulf
Alessandro Rubino
Writing – Original Draft Preparation
2016-01-01
Abstract
Residential energy demand per capita in the six countries belonging to the Gulf Cooperation Council (GCC) — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates — is significantly greater than in the OECD (Organisation for Economic Co-operation and Development) economies and China, and greater than the world average. Several factors might contribute to this remarkable situation, including the specific weather in the region, the fact that the administered nominal price for electricity is set at a level far below market price, and the domestic energy policies. Tarek Atalla from KAPSARC, Saudi Arabia and Lester Hunt from the University of Surrey, UK studied residential electricity consumption in the GCC and found that the estimated long-run price elasticity (a measure of the relationship between change in demand and change in price) for electricity is particularly low in the countries considered, ranging from −0.16 to 0.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
