Contents

Why Are Peak Loads Observed during Winter Months in Korea?

KIM, JEE YOUNG / OH, HYUNGNA / CHOI, KYUNG-MEE

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dc.contributor.authorKIM, JEE YOUNG-
dc.contributor.authorOH, HYUNGNA-
dc.contributor.authorCHOI, KYUNG-MEE-
dc.date.accessioned2019-07-12T05:22:29Z-
dc.date.available2019-07-12T05:22:29Z-
dc.date.created20190228-
dc.date.issued2019-02-
dc.identifier.urihttps://archives.kdischool.ac.kr/handle/11125/32642-
dc.description.abstractSince 2009, electricity consumption has developed a unique seasonal pattern in South Korea. Winter loads have sharply increased, and they eventually exceeded summer peaks. This trend reversal distinguishes these load patterns from those in the USA and the EU, where annual peaks are observed during the summer months. Using Levene’s test, we show statistical evidence of a rise in temperature but a decrease in variance over time regardless of the season. Despite the overall increase in the temperature, regardless of the season there should be another cause of the increased demand for electricity in winter. With the present study using data from 1991 to 2012, we provide empirical evidence that relatively low electricity prices regulated by the government have contributed significantly to the rapid upward change in electricity consumption, specifically during the winter months in the commercial sector in Korea.en_US
dc.languageEnglishen_US
dc.publisherKorea Development Instituteen_US
dc.titleWhy Are Peak Loads Observed during Winter Months in Korea?en_US
dc.typeArticleen_US
dc.identifier.bibliographicCitationKDI Journal of Economic Policy, vol. 41, no. 1, pp. 43-58-
dc.citation.endPage58en_US
dc.citation.number1en_US
dc.citation.startPage43en_US
dc.citation.titleKDI Journal of Economic Policyen_US
dc.citation.volume41en_US
dc.identifier.doi10.23895/kdijep.2019.41.1.43-
dc.subject.keywordElectricity Demand, Energy Demand, Commercial Sector, Price Elasticityen_US
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