NDLI: Cointegration Relationship between Electricity Intensity and Power Price in China

Content Provider	IEEE Xplore Digital Library
Author	Yong-Xiu He Yan Li De-Zhi Li Yu Zhang Qi Cai
Copyright Year	2008
Description	Author affiliation: Sch. of Bus. Adm., North China Electr. Power Univ., Beijing (Yong-Xiu He; Yan Li; De-Zhi Li; Yu Zhang)
Abstract	This paper analyzes the main factors impacting electricity intensity (namely power consumption per unit GDP) in China first, which include power price, gross domestic product and the proportion of industry in whole economy. Then the relationships between power price and electricity intensity was studied based on Granger-causality and cointegration tests. The result indicates that there exists Granger causality relationship running from power price to electricity intensity, so does the Granger causality relationship between the proportion of industry in whole economy and electricity intensity which running from the former to the latter . At the same time, it shows us a co-integration relationship between them, since the electricity intensity reduces 3.695% while the power price gets a 1% growth, and electricity intensity increases 18.922% while the proportion of industry in whole economy gets a 1% growth, which indicates that the proportion of industry in whole economy has a greater effect on electricity intensity. In order to reduce the level of electricity intensity, save energy, optimize energy efficiency and promote sustainable economic development, China should raise power price properly, what's more important is to adjust the industrial structure, reducing the proportion of high-power-consuming industries.
Starting Page	1
Ending Page	4
File Size	124065
Page Count	4
File Format	PDF
ISBN	9781424421077
DOI	10.1109/WiCom.2008.2062
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2008-10-12
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Energy consumption Economic indicators Industrial relations Industrial economics Power generation economics Electrochemical machining Energy efficiency Error correction Helium Testing
Content Type	Text
Resource Type	Article

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