Analysing the Industrial Electricity Demand for Turkey

Yıl 2020, Cilt: 4 Sayı: 2, 187 - 218, 28.12.2020

İsmail Kavaz

https://doi.org/10.33399/biibfad.761687

Cited By: 1

Öz

This study analyses the effects of some selected parameters on Turkey’s industrial electricity demand by using annual data between 1978 and 2018. In this regard, the Autoregressive Distributed Lag (ARDL) Bounds Testing method is utilized for establishing the models. The variables that used in the models of this study are electricity consumption, industrial value added, price of electricity, urbanization rate and average air temperature. According to the empirical findings, the price elasticities are estimated negative as expected which are -0.14 and -0.18 for the short and long term, respectively. On the other hand, the income elasticities have positive signs and computed as statistically significant. The short and long run income elasticities of industrial electricity demand are found as 0,15 and 0,35, respectively. Additionally, the urbanization rate and air temperature positively affect the industrial electricity demand of Turkey. These results indicate that the estimated price and income elasticities for the Turkish industrial electricity demand are very low and smaller than 1 in absolute terms. Therefore, it can be said that an increase and/or decrease in price and income as percentage is more than increase in electricity consumption for the industrial sector. In addition, these results imply that since the electricity usage in Turkey’s industrial sector is a necessity, consumers are not changing their consumption behaviour easily with respect to the price and income movements.

Anahtar Kelimeler

Elasticity Estimates, Industrial Electricity Demand, ARDL Bounds Testing, Turkey

Analysing the Industrial Electricity Demand for Turkey

Öz

Bu çalışma 1978 ile 2018 arasındaki yıllık verileri kullanarak Türkiye’nin sanayi sektörü elektrik talebine etki eden bazı parametreleri analiz etmektedir. Bu bağlamda, modelleri oluşturmak için ARDL Sınır Testi yaklaşımı kullanılmıştır. Çalışmanın modellerinde kullanılan değişkenler elektrik tüketimi, sanayi katma değeri, elektriğin fiyatı, şehirleşme oranı ve ortalama hava sıcaklığıdır. Ampirik bulgulara göre kısa ve uzun dönem fiyat esneklikleri beklendiği üzere negatif ve kısa dönem için -0.14, uzun dönem için ise -0.18 olarak hesaplanmıştır. Diğer taraftan, gelir esneklikleri pozitif işarete sahip ve anlamlı olarak tahmin edilmiştir. Sanayi sektörü elektrik talebinin kısa ve uzun dönem gelir esneklikleri sırasıyla 0,15 ve 0,35 olarak bulunmuşlardır. Buna ek olarak, şehirleşme oranı ve hava sıcaklığı değişkenleri Türkiye’nin sanayi sektörü elektrik talebini pozitif bir şekilde etkilemektedir. Bu sonuçlar, Türkiye için hesaplanan sanayi sektörü elektrik talebi fiyat ve gelir esnekliklerinin oldukça küçük ve mutlak değerce 1’den az olduğuna işaret etmektedir. Dolayısıyla, sanayi sektörü için fiyat ve gelirde yaşanan artışın ve/veya azalışın yüzdesel olarak elektrik tüketiminde yaşanandan daha fazla olduğu söylenebilir. Ayrıca, bu sonuçlar Türkiye’nin sanayi sektöründeki elektrik kullanımı zorunlu olduğu için tüketicilerin tüketim alışkanlıklarını fiyat ve gelirde meydana gelen hareketler karşısında kolayca değiştirmedikleri anlamına gelmektedir.

Anahtar Kelimeler

Esneklik Hesaplamaları, Sanayi Sektörü Elektrik Talebi, ARDL Sınır Testi, Türkiye

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