System security in electricity markets relies crucially on the interaction between demand and supply over time. However …, research on electricity markets has been mainly focusing on the supply side arguing that demand is rather inelastic. Assuming … perfectly inelastic demand might lead to delusive statements regarding the price formation in electricity markets. In this …

Decentralized systems seeking to balance electricity supply and demand regionally are increasingly being discussed … electricity demand and supply, (2) cluster regions with regard to the regional demand and supply fit and (3) evaluate demand … investigate the 2030 demand, supply, and demand-side flexibility for the German NUTS-3 regions. We (1) model the hourly regional …

Demand response is crucial for balancing supply and demand in the presence of intermittent electricity generation … linear and log-log. Using a two-stage least squares approach, the short-term own-price elasticity of electricity demand in … higher than ever before, which offers the opportunity to investigate the demand response in high-price situations. This paper …

A model for residual demand is proposed, which extends structural electricity price models to account for renewable … infeed in the market. Infeed from wind and solar is modelled explicitly and withdrawn from total demand. The methodology … deterministic function of time. The residual demand model is applied to the German day-ahead market. Price trajectories show typical …