Research On Electricity Characteristics Analysis And Hedonic Power Price Model

Electric power consumption has the nature of multi-features, the research on how to price electricity according to the needs of consumers is of vital theoretical and practical significance. The paper references the theory and method of hedonic price model, explores the method of hedonic power price. The electricity product could be divided into three characteristics: electricity cost, power quality and supply reliability, then the paper subdivides and evaluates the electricity indices, and attempts to establish the hedonic power price model, the characteristics'coefficients are established after multivariate regression analysis by SPSS10.0 software to get the prices of power characteristics. Based on the needs of the consumers, the paper researches the power purchase cost. At last, the paper studies the method of multilevel models to make the weights of power characteristics indices. Test result shows that the proposed approach could make purchase price more reasonable and fair according to the consumer's needs and quality. The proposed Hedonic power price model could be an effective way of making power purchase cost in our country.