Professor Lester C. Hunt

Biography

Lester C Hunt holds a BSc (Hons) in Economics with Econometrics from Loughborough University, an MA in Economics from the University of Essex and a PhD in Economics from the University of Surrey. Lester has held various academic posts at the University of Essex, University College Swansea, the University of Surrey and the University of Portsmouth. Lester has also worked as an Economic Adviser at HM Treasury and as an Energy Analyst/Economist at Midlands Electricity plc (MEB).

Lester is Professor of Energy Economics and Director of the Surrey Energy Economics Centre (SEEC) and since November 2006 he has been an Editor of The Energy Journal. He is also a Visiting Professor in the Economics and Finance Subject Group at the University of Portsmouth.

Research Interests

Lester’s academic research focuses on energy demand modelling, the analysis of energy markets & regulation and energy policy.  Work in progress includes the following: 

'Impact of energy policy instruments on the estimated level of underlying energy efficiency in the EU residential sector' with M. Filippini and J. Zoric (click here for the latest version of the paper).

'How sensitive to time period sampling is the asymmetric price response specification in energy demand modelling?' with Y. O. Adofo and J. Evans (click here for the latest version of the paper).

'Tying up loose ends: A note on the impact of omitting MA residuals from panel energy demand models based on the Koyck lag transformation' with D. C. Broadstock (click here for the latest version of the paper).

'What Drives Natural Gas Consumption in Europe? Analysis and Projections' with Z. Dilaver and O. Dilaver-Kalkan (click here for the latest version of the paper).

'Determining Trip Attraction Rates for UK Office Developments with Limited Observations and Missing Data!' with D. C. Broadstock and A. Collins (click here for the latest version of the paper).

'Accounting for asymmetric price responses and underlying energy demand trends in OECD industrial energy demand' with O. I. Adeyemi (click here for the latest version of the paper).

 [Please feel free to download any of the above. Lester would be pleased to receive any comments or suggestions at  L.Hunt@surrey.ac.uk  but none of the above  may not be quoted or referred to without his consent.]

Publications

Recent

'Forecasting scenarios for UK household expenditure and associated GHG emissions: outlook to 2030', Ecological Economics, Vol. 84, 2012, pp. 129–141 (with M. Chitnis, A. Druckman, T. Jackson and S. Milne).

'US Residential Energy Demand and Energy Efficiency: A Stochastic Demand Frontier Approach', Energy Economics, Vol. 34, No. 5, 2012, pp. 1484–1491 (with M. Filippini).

'What drives the change in UK household energy expenditure and associated CO2 emissions? Implication and forecast to 2020', Applied Energy, Vol. 94, 2012, pp. 202–214 (with M. Chitnis).

International Handbook on the Economics of Energy, (Edited), Cheltenham, UK: Edward Elgar, 2011 Paperback Edition, 831 pages, ISBN 978-0-85793-825-1 (with J. Evans).

'Turkish Aggregate Electricity Demand: An Outlook to 2020', Energy, Vol. 36, No. 11,  2011, pp. 6686-6696 (Z. Dilaver).

'Transportation Oil Demand, Consumer Preferences and Asymmetric Prices', Journal of Economic Studies, Vol. 38, No. 5,  2011, pp. 528 – 536, (with A. Collins & D. C. Broadstock).

'Modelling UK household expenditure: economic versus non-economic drivers', Applied Economics Letters, Vol. 18, No. 8,  2011, pp. 753 – 767 (with M. Chitnis).

'Modelling and Forecasting Turkish Residential Electricity Demand', Energy Policy, Vol. 39, No. 6, 2011, pp. 3117-3127 (with Z. Dilaver).

'Industrial Electricity Demand for Turkey: A Structural Time Series Analysis', Energy Economics, Vol. 33, No. 3, 2011, pp. 423-436 (with Z. Dilaver).

'Energy demand and energy efficiency in the OECD countries: a stochastic demand frontier approach', The Energy Journal, Vol. 32, No. 2, 2011, pp. 59-80 (with M. Filippini).

[Click here for a longer list of selected energy economics publications]
[Click here for a Lester's RePec page]

Teaching

For 2012/13 Lester is Module Coordinator for the following modules:

ECO3012 UG Energy Economics (EE): Autumn Semester.

[click here for details]

ECOM026 MSc Energy Economics & Technology (EET): Autumn Semester.

[click here for details]

ECOM036 MSc Empirical Methods in Energy Economics (EMEE): Spring Semester.

[click here for details]

He also contributes to the following module:

ECOM027 MSc Research Methods (RM)

[click here for details]

Archive Teaching Materials prior to 2012/13:

[Click here for details]

Departmental Duties

Director of Surrey Energy Economics Centre (SEEC)

Postgraduate Research Director