Real-Time Price Elasticity in Electricity: Evaluating Regression-Based Methods

J. Chong
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Abstract

With access to highly-detailed data, this paper presents a method of accurately computing real-time price elasticity of demand in wholesale electricity markets. The resulting values facilitate the first empirical validation of regression-based estimates of price elasticities, for which the accuracy has never before been evaluated.
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电力的实时价格弹性:评估基于回归的方法
在获得详细数据的基础上,提出了一种准确计算电力批发市场实时需求价格弹性的方法。所得值有助于对基于回归的价格弹性估计进行首次实证验证,其准确性此前从未被评估过。
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