Price elasticity matrix of demand in power system considering demand response programs

Contribution of emergency demand response programs in power system reliability

Nowadays, demand response has become one of the essential components of recent deregulated power systems as it can offer many distinguished features, such as availability, quickness, and applicability. DRPs (Demand response programs), announced by the federal energy regulatory commission, are among the most accepted and practical features of demand side management. DRPs not only can contribute ...

The Price Elasticity of Marijuana Demand

This paper uses crowd-sourced transaction data from a cross-section of the US to examine demand for marijuana. State and regional variations in consumption, price and quality are explored. Price elasticity of demand estimates range between -0.3 and -0.6. Noticeable price differences are found between high, medium, and low quality marijuana, with high quality marijuana, at $13.57 per gram, 144% ...

Master Price elasticity of demand for cigarettes

Ipu Bibliography: Price Elasticity of Electricity Demand

" …the price of electricity was found to be a significant determinant of electricity demand in most cases with the expected inverse relationship (higher prices mean less consumption).The results provided no evidence that the responsiveness of Ontario industrial demand to the price of electricity during time periods when demand is the strongest has strengthened since market opening except, perha...

Dynamic Pricing for Demand Response Considering Market Price Uncertainty

Retail energy providers (REPs) can employ different strategies such as offering demand response (DR) programs, participating in bilateral contracts, and employing self-generation distributed generation (DG) units to avoid financial losses in the volatile electricity markets. In this paper, the problem of setting dynamic retail sales price by a REP is addressed with a robust optimization techniq...