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: