| Units: | $/MWh2 (Metric), $/MWh/MWh (U.S. Imperial) |
| Mode: | Input Only |
| Multi-band: | False |
| Default Value: | -0.2 |
| Validation Rule: | <0 |
| Key Property: | No |
| Description: | Price elasticity of demand |
Region Elasticity is the price elasticity of demand (η) for use in the Equilibrium Model = "Nash-Cournot". This Region property overrides the Default Elasticity.
Example
In the following example η is variable by hour of the week according to the Timeslice definitions.
| Region | Property | Value | Units | Band | Date From | Date To | Timeslice |
|---|---|---|---|---|---|---|---|
| 1 | Elasticity | -0.4 | $/MWh/MWh | 1 | WEEKDAY OFF-PEAK | ||
| 1 | Elasticity | -0.2 | $/MWh/MWh | 1 | WEEKDAY PEAK | ||
| 1 | Elasticity | -0.4 | $/MWh/MWh | 1 | WEEKEND |
See also: