Changes in Supply Elasticities Due to Restructuring
p. p. 24
aller supply options. This should increase the price elasticity of electricity supplies. The extent of such options will depend on the future funding of financing electricity research and development. Future supply elasticity is dependent...
AI summary The restructuring of electricity markets could increase supply elasticity through options like demand-side bidding and transmission upgrades. However, initial supply elasticities may remain low due to 'must-run' power plants and local transmission constraints. Hydroelectric resources may be used for spinning reserve, affecting supply elasticity and influenced by performance-based ratemaking.