Author:
Song Haixu,Zhang Xiaoxuan,Li Rui
Abstract
Abstract
Based on the data from 2003 to 2017 of China, this paper analyzes the influencing factors of power demand in China. The results show that the improvement of economic development and the growth of the economic contribution rate of the secondary industry both lead to the increase of electricity demand. The improvement of urbanization level and the reduction of unemployment rate are also important factors driving the electricity demand. While the price of electricity has little impact on the demand, which can be accredited to the electricity price policy of China. Electricity price is mainly regulated rather than fluctuating with the supply and demand of the market, thus it is relatively stable. The conclusions of this research can be used to guide the planning and management of power companies, which is of great significance for them to accurately predict electricity consumption, scientifically plan power grid projects, and further improve investment efficiency.
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