Burlinson, A. orcid.org/0000-0001-5156-0057, Giulietti, M., Waterson, M. et al. (1 more author) (2025) The impact of energy prices on consumers: a tale of two crises. Working Paper. Sheffield Economic Research Paper Series (2025008). Department of Economics, University of Sheffield ISSN 1749-8368
Abstract
Two exogenous events, coupled with substantial data on household electricity and gas usage, enable us to examine detailed consumption effects of recent rises in energy prices in Britain resulting from the Russia-Ukraine conflict. We isolate two groups of consumers with similar characteristics, all initially on fixed price tariffs. One group, forcibly moved to variable price tariffs, suffered the price shock, the others remained on fixed price tariffs. Our difference-in-differences framework captures the impacts on the former group, finding significant negative consumption effects, particularly regarding gas usage. Differing effects across richer and poorer households are revealed, the poorest greatly reducing consumption.
Metadata
Item Type: | Monograph |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2025 The Author(s). For reuse permissions, please contact the Author(s). The Sheffield Economic Research Paper Series (SERPS) offers a forum for the research output of the Department of Economics, University of Sheffield. Papers are reviewed for quality and presentation by two internal referees and a departmental editor. However, the contents and opinions expressed remain the responsibility of the author(s). Comments are welcomed and should be addressed to the individual author(s). |
Keywords: | Energy consumption; difference-in-differences; energy crisis; smart meters |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) > Sheffield Economics Research Papers Series The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Economics (Sheffield) |
Funding Information: | Funder Grant number UK Energy Research Centre EP/SO29575/1 |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 31 Jul 2025 09:40 |
Last Modified: | 31 Jul 2025 10:16 |
Published Version: | https://sheffield.ac.uk/economics/research/serps |
Status: | Published |
Publisher: | Department of Economics, University of Sheffield |
Series Name: | Sheffield Economic Research Paper Series |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:229851 |