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Cluster analysis is used to study the group of load profiles from smart meters to improve the operability in distribution network. The traditional K-means clustering analysis method employs Euclidean distance as similarity measurement, which is insufficient in reflecting the shape similarities of load profiles. In this letter, we propose a novel shape cluster method based on the segmented slope of load profiles. Compared with traditional K-means and two improved algorithms, the proposed method can improve the clustering accuracy and efficiency by capturing the shape features of smart metering load profiles. [ABSTRACT FROM AUTHOR]