Demand response potential: An economic analysis for MIBEL and EEX

Joana Sousa and Isabel Soares

Energy, 2022, vol. 244, issue PA

Abstract: Day-ahead electricity markets were established based on the premise that short run price elasticity of demand is small, due to electricity importance, convenience and low cost. If demand respond to price signals through curtailing or shifting loads, spot prices are expected to decrease due to a more efficient market operation.

Keywords: Demand response potential; Electricity markets design; Spot prices (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:244:y:2022:i:pa:s0360544221028735

DOI: 10.1016/j.energy.2021.122624

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