<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0717-6821</journal-id>
<journal-title><![CDATA[Cuadernos de economía]]></journal-title>
<abbrev-journal-title><![CDATA[Cuad. econ.]]></abbrev-journal-title>
<issn>0717-6821</issn>
<publisher>
<publisher-name><![CDATA[Instituto de Economía, Pontificia Universidad Católica de Chile]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0717-68212010000100003</article-id>
<article-id pub-id-type="doi">10.4067/S0717-68212010000100003</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[El Consumo Eléctrico Residencial en Chile en 2008]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Marshall]]></surname>
<given-names><![CDATA[Daniela]]></given-names>
</name>
<xref ref-type="aff" rid="A01"/>
</contrib>
</contrib-group>
<aff id="A01">
<institution><![CDATA[,Pontificia Universidad Católica de Chile  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Chile</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>05</month>
<year>2010</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>05</month>
<year>2010</year>
</pub-date>
<volume>47</volume>
<numero>135</numero>
<fpage>57</fpage>
<lpage>89</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.cl/scielo.php?script=sci_arttext&amp;pid=S0717-68212010000100003&amp;lng=en&amp;nrm=iso&amp;tlng=en"></self-uri><self-uri xlink:href="http://www.scielo.cl/scielo.php?script=sci_abstract&amp;pid=S0717-68212010000100003&amp;lng=en&amp;nrm=iso&amp;tlng=en"></self-uri><self-uri xlink:href="http://www.scielo.cl/scielo.php?script=sci_pdf&amp;pid=S0717-68212010000100003&amp;lng=en&amp;nrm=iso&amp;tlng=en"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Este trabajo analiza las causas de la caída del consumo eléctrico residencial en 2008. Se encontró que un 8% de la variación en el consumo es explicada por cambios de ingreso y de precios (incluyendo sustitutos), un 21% es explicada por la baja en el voltaje y un 35% por la campaña de fomento al ahorro impulsada por la autoridad. Si esta última no hubiese adoptado dichas medidas (i.e., baja de voltaje, campañas publicitarias, premios al ahorro), el precio de la electricidad hubiese tenido que aumentar en un 15% más para lograr un nivel similar de reducción en el consumo residencial.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[This paper analyses the causes of the unusual drop in electricity consumption in households in Chile during 2008. Changes in income, the price of energy and the price of the substitute explain 8% of the actual drop in consumption. Over 50% of the fall is explained by two of the measures taken by the government: the energy-saving campaign and the planned reduction in the nominal voltage. Other measures included electricity saving rebates and changing the daylight saving time. Had the authority not taken these measures the price of electricity would have had to rise 15% more to induce a similar reduction of household’s consumption.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Electricidad]]></kwd>
<kwd lng="es"><![CDATA[Regulación]]></kwd>
<kwd lng="es"><![CDATA[Paneles Dinámicos]]></kwd>
</kwd-group>
</article-meta>
</front><body><![CDATA[ <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2">Cuadernos de Economía,    Vol. 47 (Mayo), pp. 57-89, 2010</font></p>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="4"><b>El Consumo Eléctrico    Residencial en Chile en 2008<a href="#*">*</a></b></font></p>     <p>&nbsp;</p>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><b>Daniela Marshall</b></font></p>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><i>Pontificia Universidad    Católica de Chile</i></font></p>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2">Email: <a href="mailto:daniela.marshall@gmail.com"><u>daniela.marshall@gmail.com</u></a></font></p> <hr size="1" noshade>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><i>Este trabajo    analiza las causas de la ca&iacute;da del consumo el&eacute;ctrico residencial    en 2008. Se encontr&oacute; que un 8% de la variaci&oacute;n en el consumo es    explicada por cambios de ingreso y de precios (incluyendo sustitutos), un 21%    es explicada por la baja en el voltaje y un 35% por la campa&ntilde;a de fomento    al ahorro impulsada por la autoridad. Si esta &uacute;ltima no hubiese adoptado    dichas medidas (i.e., baja de voltaje, campa&ntilde;as publicitarias, premios    al ahorro), el precio de la electricidad hubiese tenido que aumentar en un 15%    m&aacute;s para lograr un nivel similar de reducci&oacute;n en el consumo residencial.</i></font></p>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><i>JEL: </i>L51,    L94</font></p>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><i><b>Keywords:</b>    </i>Electricidad, Regulación, Paneles Dinámicos</font></p> <hr size="1" noshade>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><i>This paper analyses    the causes of the unusual drop in electricity consumption in households in Chile    during 2008. Changes in income, the price of energy and the price of the substitute    explain 8% of the actual drop in consumption. Over 50% of the fall is explained    by two of the measures taken by the government: the energy-saving campaign and    the planned reduction in the nominal voltage. Other measures included electricity    saving rebates and changing the daylight saving time. Had the authority not    taken these measures the price of electricity would have had to rise 15% more    to induce a similar reduction of household&#39;s consumption.</i></font></p> <hr size="1" noshade>     ]]></body>
<body><![CDATA[<p>&nbsp;</p>     <p><font face="Verdana, Arial, Helvetica, sans-serif" size="3"><b>REFERENCIAS</b></font></p>     <!-- ref --><p><font face="Verdana, Arial, Helvetica, sans-serif" size="2">Arellano, M. y    S. Bond (1991), &#34;Some Tests of Specification for Panel Data: Monte Cario Evidence    and an Application to Employment Equations&#34;, <i>Review of </i></font><font face="Verdana, Arial, Helvetica, sans-serif" size="2"><i>Economic    Studies, </i>58(2):277-297.</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[&#160;<a href="javascript:void(0);" onclick="javascript: window.open('/scieloOrg/php/reflinks.php?refpid=S0717-6821201000010000300001&pid=S0717-68212010000100003&lng=','','width=640,height=500,resizable=yes,scrollbars=1,menubar=yes,');"></a>&#160;]<!-- end-ref --><!-- ref --><p><font face="Verdana, Arial, Helvetica, sans-serif" size="2"> Balestra, P. y    M. 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