Estimación de la elasticidad de la demanda de energía eléctrica en el sector industrial de Colombia para el año 2018

Abstract

Electric energy is a fundamental resource for production, since it makes it possible to transform raw materials into final goods in a more efficient and accelerated way. Without this resource it would be impossible to supply the needs that originate in the interactions of economic activity, therefore, it is of vital importance to be able to observe how sensitive the industrial sector is to variations in different variables, such as price, income and labor and the price of other goods, therefore, a multiple linear regression model was estimated based on the protocols of previous authors to observe the elasticity of energy demand for 2018 in Colombia, where it was found that Electricity demand is inelastic to variations in price, workers' income, added value, fixed assets and the price of other inputs (natural gas). Furthermore, it was found that the price inelasticity of demand has decreased thanks to the impact of the inclusion of renewable and sustainable energy such as energy generation and cogeneration.