Study of the Modified Logistic Model of Chinese Electricity Consumption Based on the Change of the GDP Growth Rate under the Economic New Normal

Joint Authors

Cui, Xin
Zhao, Wenhui

Source

Mathematical Problems in Engineering

Issue

Vol. 2019, Issue 2019 (31 Dec. 2019), pp.1-13, 13 p.

Publisher

Hindawi Publishing Corporation

Publication Date

2019-11-03

Country of Publication

Egypt

No. of Pages

13

Main Subjects

Civil Engineering

Abstract EN

In the context of the new normal, the global economy is entering a deep adjustment period, and the driving forces of development are also constantly changing.

As a result, China’s economy has also entered a “new normal” phase in which it is growing in a manageable and relatively balanced manner.

In addition, the new normal characteristics of the power industry’s development in China are also very significant, and they affect the adaptability of traditional power forecasting methods.

By analyzing the new characteristics of China’s economic development and the changing electricity demand in recent years, this paper quantitatively studied the effect of the national economy on the consumption of electricity.

Meanwhile, a modified logistic model based on the change of the gross domestic product (GDP) growth rate is constructed to make a reasonable prediction of the future power consumption in China.

Subsequently, by calculating the elasticity of electricity consumption in the future, it is found that the coefficient decreases each year, which indicates that electricity consumption in China is following a new trend.

Based on the research results, this paper proposes rational suggestions for China’s power development, and they are expected to provide references for the power planning and power industry layout in China.

American Psychological Association (APA)

Cui, Xin& Zhao, Wenhui. 2019. Study of the Modified Logistic Model of Chinese Electricity Consumption Based on the Change of the GDP Growth Rate under the Economic New Normal. Mathematical Problems in Engineering،Vol. 2019, no. 2019, pp.1-13.
https://search.emarefa.net/detail/BIM-1195330

Modern Language Association (MLA)

Cui, Xin& Zhao, Wenhui. Study of the Modified Logistic Model of Chinese Electricity Consumption Based on the Change of the GDP Growth Rate under the Economic New Normal. Mathematical Problems in Engineering No. 2019 (2019), pp.1-13.
https://search.emarefa.net/detail/BIM-1195330

American Medical Association (AMA)

Cui, Xin& Zhao, Wenhui. Study of the Modified Logistic Model of Chinese Electricity Consumption Based on the Change of the GDP Growth Rate under the Economic New Normal. Mathematical Problems in Engineering. 2019. Vol. 2019, no. 2019, pp.1-13.
https://search.emarefa.net/detail/BIM-1195330

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references

Record ID

BIM-1195330