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《Automation of Electric Power Systems》 2004-05
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PRICE ELASTICITY MATRIX OF DEMAND IN CURRENT RETAIL POWER MARKET

Qin Zhenfang , Yue Shunmin , Yu Yixin , Chen Wenbin , Wang Shaomian , Pu Xiangzhi ( Tianjin University, Tianjin 300072, China) ( Electric Company of Liaoning Province, Shenyang 110000, China)  
In order to determine the electricity price reasonably and to extend the power market, it is important to master the principle that the energy consumption quantity varies with the price in power market (called demand-response principle). And the key to this problem is to analyze the customer's energy consumption quantity sensitivity according to electricity price (called price elasticity of demand). Therefore, this paper presents the constructing process of price elasticity matrix of demand, and analyses the difference of elasticity matrix structure based on different user classes and price sorts. Then it presents a simplified method for the elasticity matrix, and shows the calculating process in our current retail power market by an example. The result shows that the self-elasticity coefficients and the cross-elasticity coefficients are compensative. The actual application has proved that this model can reflect the demand-response principle in current market, and has potential of some practical applications.
【CateGory Index】: F426.61
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