Region Elasticity

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
Detail:

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:

• Nash-Cournot Competition