An econometric analysis of electricity demand response to price changes at the intra-day horizon: The case of manufacturing industry in West Denmark
The use of renewable energy implies a more variable supply of power.Market efficiency may equi-jec 7 improve if demand can absorb some of this variability by being more flexible, e.g.by responding quickly to changes in the market price of power.To learn about this, in particular, whether demand responds already within the same day, we suggest an ec