Study on the factors of industrial electricity consumption behavior in Hunan Province based on multiple regression analysis

In recent years, Hunan province has gradually accelerated the adjustment of industrial structure, and has achieved a rapid industrial growth, thereupon the total amount of industrial electricity has increased greatly. There is an internal correlation between the industrial growth and electricity con...

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Main Authors: Wen Ming, Zhang Yun, Jia Zhen, Tu Xingwen
Format: Article
Language:English
Published: EDP Sciences 2021-01-01
Series:E3S Web of Conferences
Online Access:https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/76/e3sconf_icepese2021_01019.pdf
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author Wen Ming
Zhang Yun
Jia Zhen
Tu Xingwen
author_facet Wen Ming
Zhang Yun
Jia Zhen
Tu Xingwen
author_sort Wen Ming
collection DOAJ
description In recent years, Hunan province has gradually accelerated the adjustment of industrial structure, and has achieved a rapid industrial growth, thereupon the total amount of industrial electricity has increased greatly. There is an internal correlation between the industrial growth and electricity consumption. Therefore, based on this background, this paper established multiple linear regression models to study the influencing factors on the electricity consumption behavior of the three industries with the most electricity consumption in Hunan Province. The regression results show that the iron and steel output, raw coal price index and Mylpic mine price index can significantly affect the electricity consumption of ferrous metal industry. Cement output, cement price and real estate development investment can significantly affect the electricity consumption of non-metal industry. Automobile output, integrated circuit output and per capita disposable monthly income can significantly affect the electricity consumption of transportation and electrical and electronic equipment manufacturing industry in Hunan Province.
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spelling doaj.art-e8e473be243147a4b08cdff3d42aaa4a2022-12-21T18:52:08ZengEDP SciencesE3S Web of Conferences2267-12422021-01-013000101910.1051/e3sconf/202130001019e3sconf_icepese2021_01019Study on the factors of industrial electricity consumption behavior in Hunan Province based on multiple regression analysisWen MingZhang YunJia Zhen0Tu Xingwen1Hunan University, School of Economics and TradeHunan University, School of Economics and TradeIn recent years, Hunan province has gradually accelerated the adjustment of industrial structure, and has achieved a rapid industrial growth, thereupon the total amount of industrial electricity has increased greatly. There is an internal correlation between the industrial growth and electricity consumption. Therefore, based on this background, this paper established multiple linear regression models to study the influencing factors on the electricity consumption behavior of the three industries with the most electricity consumption in Hunan Province. The regression results show that the iron and steel output, raw coal price index and Mylpic mine price index can significantly affect the electricity consumption of ferrous metal industry. Cement output, cement price and real estate development investment can significantly affect the electricity consumption of non-metal industry. Automobile output, integrated circuit output and per capita disposable monthly income can significantly affect the electricity consumption of transportation and electrical and electronic equipment manufacturing industry in Hunan Province.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/76/e3sconf_icepese2021_01019.pdf
spellingShingle Wen Ming
Zhang Yun
Jia Zhen
Tu Xingwen
Study on the factors of industrial electricity consumption behavior in Hunan Province based on multiple regression analysis
E3S Web of Conferences
title Study on the factors of industrial electricity consumption behavior in Hunan Province based on multiple regression analysis
title_full Study on the factors of industrial electricity consumption behavior in Hunan Province based on multiple regression analysis
title_fullStr Study on the factors of industrial electricity consumption behavior in Hunan Province based on multiple regression analysis
title_full_unstemmed Study on the factors of industrial electricity consumption behavior in Hunan Province based on multiple regression analysis
title_short Study on the factors of industrial electricity consumption behavior in Hunan Province based on multiple regression analysis
title_sort study on the factors of industrial electricity consumption behavior in hunan province based on multiple regression analysis
url https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/76/e3sconf_icepese2021_01019.pdf
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AT jiazhen studyonthefactorsofindustrialelectricityconsumptionbehaviorinhunanprovincebasedonmultipleregressionanalysis
AT tuxingwen studyonthefactorsofindustrialelectricityconsumptionbehaviorinhunanprovincebasedonmultipleregressionanalysis