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Accurate electricity demand forecasting is the foundation of power system operation and planning, the basic of placing development plans, business strategy and tactics of the power companies. Electricity consumption is a gray system which is impacted by economic development, industrial structure, income levels and national policies. The paper counted Inner Mongolia electricity data from four factors,...
Few scholars disagrees that electricity consumption is an important supporting factor for economy growth. However, the relationship between electricity consumption and economy growth has different manifestation in different country according to previous studies. In order to probe it, based on the time series of GDP and electricity consumption of China, the cointegration test is carried out in this...
This paper applies the cointegration theory to examine the long-run equilibrium relationship between China's power consumption and real GDP, electricity retail price, economic structure from 1978 to 2006. Our estimation results indicate that the real GDP, electricity sale price, economic structure are co- integrated and the long-run, income elasticity is 0.85,the long-run electricity price elasticity...
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