“…For the OECD countries, the average household residential elasticity for electricity demand is 72% in absolute terms (Krishnamurthy & Kristrom, 2015). Furthermore, similar studies have been carried out in west African countries (Adeoye & Spataru, 2019), Greece (Angelopoulos, Siskos, & Psarras, 2019), Europe (Cialani & Mortazavi, 2018), Pakistan (Mirijat et al, 2018), Italy (Alberini, Pretico, Shen, & Torriti, 2019), Australia (Roberts, Haghdadi, Bruce, & MacGill, 2019), Portuguese (Figueiredo, Nunes, & Panao, 2020), Jamaica (Campbell, 2018), Japan (Lliopoulos, Esteban, & Kudo, 2020), United States (Obringer, Kumar, & Nateghi, 2019), Sweden (Jelica, Taljegard, Thorson, & Johnsson, 2018), Spain (Pérez‐García & Moral‐Carcedo, 2016), etc.…”