| tau1 |
Electricity producer's reaction time in response to price change
|
| tau2 |
First consumers' reaction time in response to price change
|
| tau3 |
Second consumer's reaction time in response to price change
|
| tau4 |
Third consumer's reaction time in response to price change
|
| p1 |
Nominal power (positive real) produced by the producer (amount
of electricity produced)
|
| p2 |
Nominal power (negative real) consumed by the first consumer
(amount of electricity consumed by the first consumer)
|
| p3 |
Nominal power (negative real) consumed by the second consumer
(amount of electricity consumed by the second consumer)
|
| p4 |
Nominal power (negative real) consumed by the third consumer
(amount of electricity consumed by the third consumer)
|
| g1 |
(Gamma coefficient) proportional to price elasticity of producer
|
| g2 |
(Gamma coefficient) proportional to the price elasticity of the
first consumer
|
| g3 |
(Gamma coefficient) proportional to the price elasticity of the
second consumer
|
| g4 |
(Gamma coefficient) proportional to the price elasticity of the
third consumer
|