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Policy Target Achievement Between Pure Time-of-use Tariff and Time-of-use Block Tariff
Author(s): 
Pages: 120-134
Year: Issue:  6
Journal: The Journal of Quantitative & Technical Economics

Keyword:  Electricity DemandTime-of-use PricingBlock PricingDemand ModelHomothetic Preference;
Abstract: This paper analyses electricity demand behavior under time-of-use block tariff and pure time-of-use tariff based on two-level demand model with residential electricity and micro family data,such as home appliances.Using the data from the Hangzhou and Shanghai,we first examine the relative demand under two kinds of pricing whether have non-homothetic quality.Then using absolute demand equation analyze residential own-price elasticity,cross-price elasticity and income elasticity during peak valley,income elasticity of substitution elasticity of demand between peak and valley and analyze the heterogeneous reactions of different kinds of people.Study conclusion shows that residents have different preference nature under the time-of-use block tariff and pure time-of-use tariff,the two types of price elasticity and substitution elasticity of demand have significant differences,income elasticity are not significant;the reaction from different types of residents in the same pricing system is different,so is the pricing policy goal in different types.This paper lays a foundation for comparing the demand systematically between nonlinear and linear pricing.
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