Factoring the elasticity of demand in electricity prices

By Daniel S. Kirschen, Goran Strbac, Pariya Cumperayot, D. P. Mendes. 2000

645 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/8b05225b6c78499aa6b9ab4bf41590c31fbc5e1d

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In Electrical and Electronic Engineering

Citations in the corpus

A Real Options Evaluation Model for the Diffusion Prospects of New Renewable Power Generation Technologies (2008, background): “…empirical evidence on how these elasticities change as market liberalization proceeds (Schuler et al., 2004; Rosenzweig et al., 2003; Fraser, 2001; Kirschen et al., 2000; Marathe/Barrett, undated; Grohnheit/Klavs, 2000), and any generalizations should be treated with great caution because of the…”
Stochastic Unit Commitment With Uncertain Demand Response (2013, neutral): “[3] and [5]).”
Coupon-Based Demand Response Considering Wind Power Uncertainty: A Strategic Bidding Model for Load Serving Entities (2016, background): “Naturally, LSEs will have the motivation to induce the end customers' inherent elasticity by offering DR programs [14], [15], especially when the system is under stress or close to the next binding constraint, which is termed as a critical load level (CLL) in [16] and [17].”
Residential Demand Response model and impact on voltage profile and losses of an electric distribution network (2012, methodology): “These self elasticity coefficients have been used along with varying cross elasticity coefficients that have been extrapolated from earlier works ([3], [6]) depending on the assumed consumer rationalities explained in Section 4.”
Demand Response in Electricity Markets: An Overview (2007, background): “In [9], elasticity is decomposed into self elasticity and cross elasticity.”
Strategic Bidding for a Large Consumer (2015, background): “References [13]–[15] analyze the market efficiency under different levels of demand elasticity, while [16] and [17] study the impacts of demand response on LMPs.”
Multi-Stage Robust Unit Commitment Considering Wind and Demand Response Uncertainties (2013, background): “In [22], provided that the change in price of one commodity will not only affect its demand, but also may affect the demand of another commodity, the concept of “self-elasticity” and “cross-elasticity” is developed.”
Demand-side view of electricity markets (2003, background): “tioning, industrial processes), most of the electrical energy that is not consumed during a high-price period would simply be shifted to a period with a lower spot price [3], [19].”
Demand response modeling considering Interruptible/Curtailable loads and capacity market programs (2010, background): “If the electricity prices vary for different periods, then the demand reacts one of followings [16]: Some loads are not able to move from one period to another (e.”
Coupon Incentive-Based Demand Response: Theory and Case Study (2013, background): “Due to the fact that consumers are much less likely to increase their electricity consumption in the case of a short-term price drop than they are to reduce their electricity consumption in the case of a price increase [35], this paper only discusses the latter.”