Price-responsive demand and dynamic electricity price contracts can play a vital role in balancing renewable energy production and alleviating energy shortages such as those experienced in the European energy crisis. This study explores the implicit demand flexibility of residential consumers...

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...