electricity was higher. The elasticity of the price of electricity at the time of construction was -0.22. As homes built between …We find that households living in California homes built in the 1960s and 1970s had high electricity consumption in … 2000 relative to houses of more recent vintages because the price of electricity at the time of home construction was low …

We use detailed microeconomic data to investigate why aggregate residential electricity consumption in California has … determining electricity demand. We show that building codes have been effective for homes built after 1983. We find that houses … electricity at the time of construction was low. Employing our regression estimates, we construct an aggregate residential …