Abstract
With the further liberalization of China's electricity market, electricity price becomes more important in the power supply-demand balance. We investigate the impacts of a hybrid time-varying tariff policy on residential electricity demand. In our estimation, we maximize the residential users' utility, taking average price responsiveness as their perceived price. Four indices related to power usage and expenses are designed to measure the response effects of time-varying tariff policy using a case study of Zhejiang province.
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