Electricity Consumption and Its Impact Factors: Based on the Nonparametric Model

Abstract

The security of power consumption demand is an essential issue in maintaining a rapid economic development in China. Owing to the advantages such as the robustness and favorable estimation performances, the semiparametric model and nonparametric models have obtained wide popularity. In this article, based on the semiparametric and nonparametric models, a new estimation model is created, and the linear and nonlinear effects of influencing the power consumption are investigated. The results indicate that the economic growth, population, and economic structure play a vital role in the power consumption; the impact of the power price index on the electricity consumption is small, which can-not offset rapid growth of the electricity consumption that the economic growth, population and economic structure bring; the energy utilization efficiency still stays at a low level in China.