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PRODID:-//Indira Gandhi Institute of Development Research - ECPv4.1.2//NONSGML v1.0//EN
CALSCALE:GREGORIAN
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X-WR-CALNAME:Indira Gandhi Institute of Development Research
X-ORIGINAL-URL:http://www.igidr.ac.in
X-WR-CALDESC:Events for Indira Gandhi Institute of Development Research
BEGIN:VEVENT
DTSTART;TZID=Asia/Kolkata:20240619T161500
DTEND;TZID=Asia/Kolkata:20240619T173000
DTSTAMP:20260416T211144
CREATED:20240613T055525
LAST-MODIFIED:20240613T055619
UID:18506-1718813700-1718818200@www.igidr.ac.in
SUMMARY:IGIDR Seminar: " How aggregate electricity demand responds to hourly wholesale price fluctuations "
DESCRIPTION:\nAbstract:-\n Electricity needs to be consumed at the very moment of production\, leading wholesale prices to fluctuate widely at (sub-)hourly time scales. This article investigates the response of aggregate electricity demand to such price variations. Using wind energy as an instrument\, we estimate a significant and robust short-term price elasticity of about −0.05 in Germany and attribute this to industrial consumers. As the share of consumption that is exposed to real-time prices (currently less than 25%) expands\, we expect the aggregated price elasticity to grow. 
URL:http://www.igidr.ac.in/seminars/igidr-seminar-aggregate-electricity-demand-responds-hourly-wholesale-price-fluctuations/
CATEGORIES:Seminars,Upcoming events
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