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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 …
Persistent link: https://www.econbiz.de/10011517142
Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price … demand of uninformed households is entirely price-inelastic. Based on these results, to curb the electricity consumption of …, finding that only those households that are informed about prices are sensitive to price changes, whereas the electricity …
Persistent link: https://www.econbiz.de/10011897241
We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long … that the price elasticity of demand grows from -0.09 in the first six months to -0.27 two years later. We also estimate a …
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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 …
Persistent link: https://www.econbiz.de/10012978685
Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price … demand of uninformed households is entirely price-inelastic. Based on these results, to curb the electricity consumption of …, finding that only those households that are informed about prices are sensitive to price changes, whereas the electricity …
Persistent link: https://www.econbiz.de/10012916541