Electricity is a convenient and clean energy which can provide strong support for the development of all walks of life. The power development should maintain coordination with the regional economic development, in which power development may advance sometimes. Hebei province is a typical resource-based area in China, and its power consumption is closely related to economic development, which makes it important to study the relationship between electricity and economic development in Hebei. In order to select the economic factors affecting electricity demand, the gray correlation analysis is used to analyse the correlation among different factors. And then, a long-term equilibrium model between electricity consumption and economic factors is proposed through co-integration analysis. The analysis result showed that the electricity consumption, GDP, the level of residential consumption, efficiency levels and economic structures have a long-run equilibrium relationship in Hebei Province, in which the economic structure has the strongest impact on the electricity consumption, followed by GDP, energy consumption intensity and the residential consumption level. Currently, the impact of the economic restructuring on electricity demand in Hebei cannot be overlooked. Furthermore, this model can be used to give a reference to Hebei Electric Power Planning.
| Published in |
International Journal of Energy and Power Engineering (Volume 4, Issue 4-1)
This article belongs to the Special Issue Current Energy Issues in China |
| DOI | 10.11648/j.ijepe.s.2015040401.11 |
| Page(s) | 1-6 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2015. Published by Science Publishing Group |
Electricity Consumption, Economic Development, Co-Integration Theory
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APA Style
Huiru Zhao, Yaowen Fan, Nana Li, Fuqiang Li, Yuou Hu. (2015). A Co-Integration Analysis Between Electricity Consumption and Economic Development in Hebei Province. International Journal of Energy and Power Engineering, 4(4-1), 1-6. https://doi.org/10.11648/j.ijepe.s.2015040401.11
ACS Style
Huiru Zhao; Yaowen Fan; Nana Li; Fuqiang Li; Yuou Hu. A Co-Integration Analysis Between Electricity Consumption and Economic Development in Hebei Province. Int. J. Energy Power Eng. 2015, 4(4-1), 1-6. doi: 10.11648/j.ijepe.s.2015040401.11
AMA Style
Huiru Zhao, Yaowen Fan, Nana Li, Fuqiang Li, Yuou Hu. A Co-Integration Analysis Between Electricity Consumption and Economic Development in Hebei Province. Int J Energy Power Eng. 2015;4(4-1):1-6. doi: 10.11648/j.ijepe.s.2015040401.11
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Download@article{10.11648/j.ijepe.s.2015040401.11,
author = {Huiru Zhao and Yaowen Fan and Nana Li and Fuqiang Li and Yuou Hu},
title = {A Co-Integration Analysis Between Electricity Consumption and Economic Development in Hebei Province},
journal = {International Journal of Energy and Power Engineering},
volume = {4},
number = {4-1},
pages = {1-6},
doi = {10.11648/j.ijepe.s.2015040401.11},
url = {https://doi.org/10.11648/j.ijepe.s.2015040401.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijepe.s.2015040401.11},
abstract = {Electricity is a convenient and clean energy which can provide strong support for the development of all walks of life. The power development should maintain coordination with the regional economic development, in which power development may advance sometimes. Hebei province is a typical resource-based area in China, and its power consumption is closely related to economic development, which makes it important to study the relationship between electricity and economic development in Hebei. In order to select the economic factors affecting electricity demand, the gray correlation analysis is used to analyse the correlation among different factors. And then, a long-term equilibrium model between electricity consumption and economic factors is proposed through co-integration analysis. The analysis result showed that the electricity consumption, GDP, the level of residential consumption, efficiency levels and economic structures have a long-run equilibrium relationship in Hebei Province, in which the economic structure has the strongest impact on the electricity consumption, followed by GDP, energy consumption intensity and the residential consumption level. Currently, the impact of the economic restructuring on electricity demand in Hebei cannot be overlooked. Furthermore, this model can be used to give a reference to Hebei Electric Power Planning.},
year = {2015}
}
TY - JOUR T1 - A Co-Integration Analysis Between Electricity Consumption and Economic Development in Hebei Province AU - Huiru Zhao AU - Yaowen Fan AU - Nana Li AU - Fuqiang Li AU - Yuou Hu Y1 - 2015/07/15 PY - 2015 N1 - https://doi.org/10.11648/j.ijepe.s.2015040401.11 DO - 10.11648/j.ijepe.s.2015040401.11 T2 - International Journal of Energy and Power Engineering JF - International Journal of Energy and Power Engineering JO - International Journal of Energy and Power Engineering SP - 1 EP - 6 PB - Science Publishing Group SN - 2326-960X UR - https://doi.org/10.11648/j.ijepe.s.2015040401.11 AB - Electricity is a convenient and clean energy which can provide strong support for the development of all walks of life. The power development should maintain coordination with the regional economic development, in which power development may advance sometimes. Hebei province is a typical resource-based area in China, and its power consumption is closely related to economic development, which makes it important to study the relationship between electricity and economic development in Hebei. In order to select the economic factors affecting electricity demand, the gray correlation analysis is used to analyse the correlation among different factors. And then, a long-term equilibrium model between electricity consumption and economic factors is proposed through co-integration analysis. The analysis result showed that the electricity consumption, GDP, the level of residential consumption, efficiency levels and economic structures have a long-run equilibrium relationship in Hebei Province, in which the economic structure has the strongest impact on the electricity consumption, followed by GDP, energy consumption intensity and the residential consumption level. Currently, the impact of the economic restructuring on electricity demand in Hebei cannot be overlooked. Furthermore, this model can be used to give a reference to Hebei Electric Power Planning. VL - 4 IS - 4-1 ER -
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