Impacts of socioeconomic factors on monthly electricity consumption of China's sectors

Jing-Li Fan, Bao-Jun Tang, Hao Yu, Yun-Bing Hou and Yi-Ming Wei

No 67, CEEP-BIT Working Papers from Center for Energy and Environmental Policy Research (CEEP), Beijing Institute of Technology

Abstract: In this paper, we report 4 sets of 8 multivariate regression equations, introducing the socioeconomic factors for the estimation models of monthly electricity consumption in the primary, secondary, tertiary industry, and the household sectors, to study the quantitative effects of socioeconomic factors (electricity real price, activity level, income, holiday, etc.). The results demonstrate that the price elasticity of electricity demand in the household and the secondary industry sectors is significant. When the electricity price increases by 1%, the demand in the household and secondary industry sectors reduces by 0.4-0.5% with a time lag.

Keywords: Socioeconomic factors; Monthly electricity consumption; Price elasticity (search for similar items in EconPapers)
JEL-codes: Q40 Q58 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014-08-23
New Economics Papers: this item is included in nep-ene
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Journal Article: Impacts of socioeconomic factors on monthly electricity consumption of China’s sectors (2015)
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