Forecasting electricity consumption in China's Pearl River Delta urban agglomeration under the optimal economic growth path with low-carbon goals: Based on data of NPP-VIIRS-like nighttime light

Yanchun Rao, Xiuli Wang and Hengkai Li

Energy, 2024, vol. 294, issue C

Abstract: To reflect the trend of electricity consumption (EC) in China's Pearl River Delta (PRD) under a balanced environment and economy, this paper proposes an EC forecasting framework from the perspective of optimal economic growth. The historical GDP statistics of the PRD are calibrated with data from the new "NPP-VIIRS-like" nighttime light dataset from 2000 to 2020, and two simulation scenarios of optimal economic growth are constructed according to the carbon emission reduction rate. Finally, based on the electricity data from 2000 to 2017, an error correction model is constructed to predict and compare the trend of EC in the PRD under different carbon emission scenarios. The results demonstrate the following. (1) The economic growth path under low-carbon constraints is more closely aligned with the actual economic development of the PRD. (2) The electricity demand required to sustain optimal economic growth in the PRD under low-carbon constraints is projected to reach saturation around 2037, approximately a decade earlier than the scenario without carbon constraints. The results of the projections are expected to guide future work on power system planning and economic development assessment in the context of carbon reduction.

Keywords: Electricity consumption forecasting; Optimal economic growth; Carbon reduction target; Nighttime lights (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:294:y:2024:i:c:s0360544224007424

DOI: 10.1016/j.energy.2024.130970

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