We define a natural quantum analogue for the Z algebra, and which we
refer to as the Zq algebra, by modding out the Heisenberg algebra
from the quantum affine algebra Uq(sl(2)^) with level k. We discuss
the representation theory of this Zq algebra. In particular, we
exhibit its reduction to a group algebra, and to a tensor product of a group
algebra with a quantum Clifford algebra when k=1, and k=2, and thus, we
recover the explicit constructions of \uq-standard modules as achieved by
Frenkel-Jing and Bernard, respectively. Moreover, for arbitrary nonzero level
k, we show that the explicit basis for the simplest Z-generalized
Verma module as constructed by Lepowsky and primc is also a basis for its
corresponding Zq-module, i.e., it is invariant under the
q-deformation for generic q. We expect this Zq algebra (associated
with \uq at level k), to play the role of a dynamical symmetry in the
off-critical Zk statistical models.Comment: 32 pages, LATEX, minor change