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 …

changes, whereas the electricity demand of uninformed households is entirely price-inelastic …Empirical evidence on the response of German households to electricity price changes is sparse. Using panel data …