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• W2042106035 abstract ", , Abstract - After the oil crisis in 1970s, many countries have tried to reduce oil dependency. Especially, in Korea, rapid declining oil consumption has speedily brought to electrification and a surge in electricity demand. This paper attempts to estimate the relationship between declining oil use and electrification in Korea using OECD panel data covering from 1985 to 2011. To this end, random effect model and fixed effect model are employed. The increase in the ratio of energy oil to total energy consumption by 10%p leads to reduce the electricity demand by about 15%. This result can be useful information to cope with the recent crisis of electric power. In addition, industrial sector is ranked in forth the ratio of industrial electricity use to total electricity use according to the result of comparative analysis of electricity consumption by use in OECD countries. Therefore, industrial sector should be treated as the main target of demand-side management policies for electricity." @default.
• W2042106035 created "2016-06-24" @default.
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• W2042106035 date "2014-06-30" @default.
• W2042106035 modified "2023-09-26" @default.
• W2042106035 title "Relationship between declining oil use and electrification" @default.
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• W2042106035 doi "https://doi.org/10.5855/energy.2014.23.2.119" @default.
• W2042106035 hasPublicationYear "2014" @default.
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