The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.
Factoring the elasticity of demand in electricity prices
Abstract
As electricity markets are liberalized, consumers become exposed to more volatile electricity prices and may decide to modify the profile of their demand to reduce their electricity costs. This paper analyzes the effect that the market structure can have on the elasticity of the demand for electricity. It then describes how the consumers' behavior can be modeled using a matrix of self- and cross-elasticities. It is shown how these elasticities can be taken into consideration when scheduling generation and setting the price of electricity in a pool based electricity market. These concepts are illustrated using a 26-generator system.
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Citations
Cites
Schweppe, F. C., Caramanis, M. C., Tabors, R. D., & Bohn, R. E. (1988) · Springer eBooks · doi:10.1007/978-1-4613-1683-1 · Cited by 2,409
Reliability Assessment of Large Electric Power Systems
Billinton, R., & Allan, R. N. (1988) · Springer eBooks · doi:10.1007/978-1-4613-1689-3 · Cited by 442
A New Method for Unit Commitment at Electricite De France
Merlin, A., & Sandrin, P. (1983) · IEEE Transactions on Power Apparatus and Systems · doi:10.1109/tpas.1983.318063 · Cited by 419
Effect of inter-temporal factors on the real time pricing of electricity
David, A. K., & Li, Y. Z. (1993) · IEEE Transactions on Power Systems · doi:10.1109/59.221247 · Cited by 74
Consumer rationality assumptions in the real-time pricing of electricity
David, A. K., & Li, Y. Z. (1992) · IEE Proceedings C Generation Transmission and Distribution · doi:10.1049/ip-c.1992.0047 · Cited by 65
Cited by
A summary of demand response in electricity markets
Albadi, M. H., & El-Saadany, E. F. (2008) · Electric Power Systems Research · doi:10.1016/j.epsr.2008.04.002 · Cited by 1,884
Demand-side view of electricity markets
Kirschen, D. S. (2003) · IEEE Transactions on Power Systems · doi:10.1109/tpwrs.2003.810692 · Cited by 787
Self-citationDemand response modeling considering interruptible/curtailable loads and capacity market programs
Aalami, H. A., Moghaddam, M. P., & Yousefi, G. R. (2010) · Applied Energy · doi:10.1016/j.apenergy.2009.05.041 · Cited by 755
Demand response in electricity markets: A review
Zhang, Q., & Li, J. (2012) · 2012 9th International Conference on the European Energy Market · doi:10.1109/eem.2012.6254817 · Cited by 84
Metadata
- Authors
- Kirschen, D. S., Strbac, G., Cumperayot, P., & de Paiva Mendes, D.
- Venue
- IEEE Transactions on Power Systems
- Published
- 2000-05
- Volume
- 15
- Issue
- 2
- Pages
- 612-617
- ISSN
- 0885-8950 (ISSN-L)
- OpenAlex
- W2143022498
- Cited by
- 616
- References
- 5
- FWCI
- 2.17
- Type
- journal article
- Language
- en
- Open access
- closed
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- CoChat. (2026). Citation check: Factoring the elasticity of demand in electricity prices. https://app.cochat.ai/papers/10.1109/59.867149
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- Kirschen, D. S., Strbac, G., Cumperayot, P., & de Paiva Mendes, D. (2000). Factoring the elasticity of demand in electricity prices. IEEE Transactions on Power Systems. https://doi.org/10.1109/59.867149
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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