flexible demand
[/ˈflɛksəbəl dɪˈmænd/]
nounpl: flexible demands
demanda flexível
1. A market condition where the quantity demanded of a good or service changes significantly in response to changes in price; demand with an elasticity greater than 1
The smartphone market exhibits flexible demand, as consumers readily switch brands when prices drop significantly.
O mercado de smartphones apresenta demanda flexível, pois os consumidores trocam facilmente de marca quando os preços caem significativamente.
2. In energy markets, the ability of consumers to adjust their consumption patterns based on price signals or grid conditions
Electric utilities are investing in flexible demand programs to balance peak and off-peak electricity usage.
As concessionárias de energia estão investindo em programas de demanda flexível para equilibrar o uso de eletricidade em horários de pico e fora de pico.
3. Consumer demand that can be postponed or shifted without significant inconvenience
Home renovations represent flexible demand since they can be delayed during economic downturns.
Reformas residenciais representam demanda flexível, pois podem ser adiadas durante períodos de recessão econômica.
The concept of flexible demand is increasingly important in Brazil and Portugal due to growing focus on smart grid technology, renewable energy integration, and dynamic pricing models. In the USA, this term is heavily used in energy economics and behavioral economics contexts. Brazilian economists and utility companies have adopted this terminology as part of modernization efforts in the energy sector.
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