Research on Electricity Consumption of Industrial and Commercial Users Based on Electricity Price Adjustment Policy

The study focuses on analyzing the impact of electricity price policy adjustments on the electricity consumption of industrial and commercial users in Zhejiang Province, based on survey data from 2021. The paper examines the price elasticity of electricity consumption for industrial and commercial users under different electricity price fluctuations scenarios using OLS (Ordinary Least Squares), ordered logit, and ordered probit methods. The results show that the electricity consumption of most industrial and commercial users in various industries is inelastic. The main factors influencing the electricity price elasticity of industrial users are voltage grade, electricity consumption scale, electricity cost, and electricity price grade.