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A theoretical analysis of price elasticity of energy demand in multi-stage energy conversion systems

Lowe, R; (2003) A theoretical analysis of price elasticity of energy demand in multi-stage energy conversion systems. Energy Policy , 31 (15) pp. 1699-1704. 10.1016/S0301-4215(03)00064-8. Green open access

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Abstract

The objective of this paper is an analytical exploration of the problem of price elasticity of energy demand in multi-stage energy conversion systems. The paper describes in some detail an analytical model of energy demand in such systems. Under a clearly stated set of assumptions, the model makes it possible to explore both the impacts of the number of sub-systems, and of varying sub-system elasticities on overall system elasticity. The analysis suggests that overall price elasticity of energy demand for such systems will tend asymptotically to unity as the number of sub-systems increases. © 2003 Published by Elsevier Science Ltd.

Type: Article
Title: A theoretical analysis of price elasticity of energy demand in multi-stage energy conversion systems
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/S0301-4215(03)00064-8
UCL classification: UCL
UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources
URI: https://discovery.ucl.ac.uk/id/eprint/2284
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