We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
Impacts of socioeconomic factors on monthly electricity consumption of China's sectors.
- Authors
Fan, Jing-Li; Tang, Bao-Jun; Yu, Hao; Wei, Yi-Ming; Hou, Yun-Bing
- 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.
- Subjects
CHINA; ELECTRIC power consumption; SOCIOECONOMIC factors; PRICE flexibility; CONSUMPTION (Economics); ELECTRIC rates
- Publication
Natural Hazards, 2015, Vol 75, Issue 2, p2039
- ISSN
0921-030X
- Publication type
Article
- DOI
10.1007/s11069-014-1410-2