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

Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, 2015, vol. 75, issue 2, 2039-2047

Abstract: In this paper, we report eight sets of 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 for the latter. Copyright Springer Science+Business Media Dordrecht 2015

Keywords: Socioeconomic factors; Monthly electricity consumption; Price elasticity (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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Working Paper: Impacts of socioeconomic factors on monthly electricity consumption of China's sectors (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:nathaz:v:75:y:2015:i:2:p:2039-2047

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DOI: 10.1007/s11069-014-1410-2

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