Estimating Elasticity for Residential Electricity Demand in China
Table 1
Descriptive statistics of the household survey data.
Variable
Description
Obs.
Mean
Std. dev.
Min.
Max.
E
Electricity usages (KWh/family/month)
3,298
112.97
88.65
0
550
Incomea
Household income (Yuan)
3,298
37,239.13
43,856.17
0
33,8000
HSIZEa
Dwelling area (m2/family)
3,298
92.20
70.45
0
800
FSIZE
Family size (person/family)
3,298
2.99
1.33
1
12
PE_res
Residential electricity price (Yuan/KWh)
3,298
0.56
0.06
0.49
0.62
PE_ind
Industrial electricity price (Yuan/KWh)
3,298
0.82
0.04
0.76
0.89
PE_ng
Natural gas price (Yuan/m3)
3,298
6.12
0.62
5.50
7.29
Age
Age of household head
2,072
59.04
13.19
17
95
Edu
Years of education of household head
2,704
8.21
4.36
1
19
Note: aFor income, HSIZE, age, and edu, we replace missing values with 0 and create missing indicators for missing observations. Missing indicators are controlled for in the following regressions.
