Price Elasticity of Electricity Demand - Department for Energy ...
Price Elasticity of Electricity Demand - Department for Energy ...
Price Elasticity of Electricity Demand - Department for Energy ...
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Definition 2 PED<br />
Kentucky<br />
<strong>Energy</strong> and<br />
Environment<br />
Cabinet<br />
Executive<br />
Summary<br />
Variables<br />
Assumptions<br />
Conclusion<br />
Appendix<br />
Diagnostic Plots<br />
Models<br />
References<br />
Recall: “Law <strong>of</strong> <strong>Demand</strong>” implies E d ≤ 0<br />
E d = ∂ log(Q)<br />
∂ log(P)<br />
By definition, E d is estimated with the coefficient term <strong>of</strong><br />
log(P), where log(Q) is regressed on log(P).<br />
Kentucky <strong>Energy</strong> and Environment Cabinet
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