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We apply a quadratic expenditure system to estimate price and expenditure elasticities of residential energy demand (electricity and heating) in Germany. Using official expenditure data from 1993 to 2008, we estimate an expenditure elasticity for electricity of 0.3988 and of 0.4055 for space...
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Decentralized systems seeking to balance electricity supply and demand regionally are increasingly being discussed. Regional flexibility concepts, however, require spatially and temporally highly resolved knowledge. To provide this, we investigate the 2030 demand, supply, and demand-side...
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Demand response is crucial for balancing supply and demand in the presence of intermittent electricity generation, particularly during scarcity situations with high prices. In 2021/2022, wholesale power prices in Germany have been dramatically higher than ever before, which offers the...
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System security in electricity markets relies crucially on the interaction between demand and supply over time. However, research on electricity markets has been mainly focusing on the supply side arguing that demand is rather inelastic. Assuming perfectly inelastic demand might lead to delusive...
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estimating the heterogeneity in the response of residential electricity demand to price increases across household types. Drawing … on household panel data from the German Residential Energy Consumption Survey (GRECS) that span over nine years (2006 … heterogeneous across household groups, an outcome that has important implications for policy-making. Most notably, we do not find …
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