Show simple item record

dc.contributor.authorJamissen, David
dc.contributor.authorVatne, Johanne
dc.contributor.authorHolz, Franziska
dc.contributor.authorNeumann, Anne
dc.date.accessioned2024-12-02T17:55:29Z
dc.date.available2024-12-02T17:55:29Z
dc.date.issued2024-11-28
dc.identifier.urihttps://hdl.handle.net/1721.1/157701
dc.description.abstractUnderstanding how consumers respond to turbulent market conditions is crucial for planning security of natural gas supply. This paper estimates the price elasticity of demand of small consumers in Germany in the period with both high price fluctuations and a fear of natural gas shortage in the aftermath of the Russian invasion of Ukraine. Using granular data between 2018 and 2023, we estimate an Auto Regressive Distributed Lag (ARDL) time series cointegrating model. We find a price elasticity of demand for natural gas of -0.01 for wholesale prices and -0.04 for retail prices. Additionally, we quantify the effects of weather conditions and public awareness on the energy crisis. The results suggest i) that extreme price changes would be required to trigger short-term demand adjustments, and ii) demonstrate the importance of public attention on the crisis situation.en_US
dc.publisherSpringer Netherlandsen_US
dc.relation.isversionofhttps://doi.org/10.1007/s12053-024-10284-zen_US
dc.rightsCreative Commons Attributionen_US
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/en_US
dc.sourceSpringer Netherlandsen_US
dc.titleThe price elasticity of natural gas demand of small consumers in Germany during the energy crisis 2022en_US
dc.typeArticleen_US
dc.identifier.citationJamissen, D., Vatne, J., Holz, F. et al. The price elasticity of natural gas demand of small consumers in Germany during the energy crisis 2022. Energy Efficiency 17, 98 (2024).en_US
dc.contributor.departmentMIT Center for Energy and Environmental Policy Researchen_US
dc.relation.journalEnergy Efficiencyen_US
dc.identifier.mitlicensePUBLISHER_CC
dc.eprint.versionFinal published versionen_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dc.date.updated2024-12-01T04:16:42Z
dc.language.rfc3066en
dc.rights.holderThe Author(s)
dspace.embargo.termsN
dspace.date.submission2024-12-01T04:16:42Z
mit.journal.volume17en_US
mit.licensePUBLISHER_CC
mit.metadata.statusAuthority Work and Publication Information Neededen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record