Artikel

The effect of an electricity tax on aggregate electricity consumption: Evidence from Basel

We estimate the effect of an electricity tax on aggregate electricity consumption with the synthetic control method. The tax was introduced in the Swiss city of Basel in 1999 and, together with other tariff changes, increased marginal electricity prices by 5.4-8.0%. We compare the actual and a hypothetical electricity consumption in the years 1999-2006. The latter is a weighted average of electricity consumption in other Swiss cities and captures the hypothetical situation without the tax. We find a statistically insignificant effect of the tax increase of - 2.7 to - 1.9%, which implies a rather small, but not unreasonable, price elasticity of between - 0.5 and - 0.2. Ambiguous effects on average prices and an unfortunate communication by officials may explain why the innovative reform failed to induce a stronger response.

Sprache
Englisch

Erschienen in
Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 156 ; Year: 2020 ; Issue: 1 ; Pages: 1-20 ; Heidelberg: Springer

Klassifikation
Wirtschaft
Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
Energy: Demand and Supply; Prices
Energy: Government Policy
Thema
Electricity tax
Electricity demand
Synthetic control method

Ereignis
Geistige Schöpfung
(wer)
Krebs, Benjamin
Luechinger, Simon
Ereignis
Veröffentlichung
(wer)
Springer
(wo)
Heidelberg
(wann)
2020

DOI
doi:10.1186/s41937-020-00064-8
Handle
Letzte Aktualisierung
13.10.0003, 18:48 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Krebs, Benjamin
  • Luechinger, Simon
  • Springer

Entstanden

  • 2020

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