The 15-min high-frequency estimate is the authors' headline elasticity; the abstract and text foreground demand inelasticity at the microstructure level and state the monthly figure merely 'confirms' it. || 'With a value of 0.117 (p < 0.01), the elasticity coefficient shows that when prices go up, consumption does not change much.' (p.8); 'Here analysis is done based on high frequency data.' (Table 5 note, p.9)
Biswas, P., Sharma, C., & Padhan, H. (2026): "Electricity shortages, price asymmetries, and behavioural responses in the Indian energy market." Finance Research Letters, 90, 109396.