Open Data Set for the article Dynamic demand response to electricity prices: Evidence from the Spanish retail market. Utilities Policy, 88 (2024), 101763

The datasets available for open access from the article ‘Furió, D. and Moreno-del-Castillo, J. Dynamic demand response to electricity prices: Evidence from the Spanish retail market. Utilities Policy, 88 (2024), 101763’ are provided here.

The datasets comprise time series data on wholesale market global prices and quantity demanded by reference suppliers and competing retailers, along with day-ahead market prices for each of the 24 hours of the day spanning from January 1, 2007, to March 31, 2022. These series have been downloaded from the CNMC website. Additionally, primary temperature data were obtained from the Spanish Meteorological Agency’s website. This dataset provided hourly weather information from a nationwide network of weather stations. Given the scope of the demand series data, which reflects the entire Spanish market, the temperature series were constructed to ensure national representativeness. These data were then aggregated to develop comprehensive national temperature series, aligning them with the demand series. Finally, a dummy variable for each day t of the studied period was constructed to capture the business/non-business day effect on electricity demand. It takes the value of 1 if 𝑡 corresponds to a working day (non-holiday, Monday to Friday) and 0 otherwise. The national holidays considered are as follows: January 1st, January 6th, May 1st, August 15th, October 12th, November 1st, December 6th, December 8th, and December 25th. Additionally, the corresponding Good Friday for each year included in the study period was also considered.