| Title |
The Effects of the Electric Power Demand for Each Loads Based the Electric Power Demand Elasticity |
| Authors |
김문영(Kim, Mun-Yeong) ; 백영식(Baek, Yeong-Sik) ; 송경빈(Song, Gyeong-Bin) |
| Keywords |
real time electric power price ; competitive electricity markets ; the price elasticity coefficient ; inflexible and flexible consumers |
| Abstract |
The variations of real time electric power price in competitive electricity markets have influence on electric power demands of the consumers. The effects of the consumers for electric power price can be expressed the price elasticity coefficient of the power demand as a measurement. Residential, commercial, and industrial consumers with different characteristics cause the different price elasticity of the power demand due to changing the pattern of consumption. It is necessary that the effects of electric power demands as a function of elasticity coefficient for each loads should be analyzed in Korea which is processing deregulated electric market. Therefore, this paper calculate the elasticity coefficient of each loads and analysis the effects of electric power demands as a function of elasticity coefficient of inflexible and flexible consumers in competitive electricity market. |