ISSN: 2226-3624
Open access
With the ongoing power market reforms in China, the electricity sector has experienced rapid development. As a key commercial and industrial hub, Shandong Province's power market plays a crucial role in local economic and social progress, directly influencing living standards. This study examines the determinants of electricity demand in Shandong Province using a multiple linear regression model. The results indicate that economic growth, electricity efficiency, urban industrialization, and electricity prices significantly affect electricity demand. These findings provide valuable insights for policymakers in Shandong Province to develop more effective electricity strategies, ensuring a balanced supply and demand.
Alawin, M., Al-Hamdi, M., & Alomeri, M. (2016). Determinants of electricity demand in Jordan. Indian Journal of Science and Technology, 9(15).
Alexander-Haw, A., & Schleich, J. (2024). Low carbon footprint-A consequence of free will or of poverty? The impact of sufficiency orientation and deprivation on individual carbon footprints. Energy Policy, 195, 114367.
Altinay, G., & Karagol, E. (2005). Electricity consumption and economic growth: evidence from Turkey. Energy economics, 27(6), 849-856.
Apergis, N., & Payne, J. E. (2009). Energy consumption and economic growth in Central America: evidence from a panel cointegration and error correction model. Energy economics, 31(2), 211-216.
Ayres, R. U., Turton, H., & Casten, T. (2007). Energy efficiency, sustainability and economic growth. Energy, 32(5), 634-648.
Azam, A., Rafiq, M., Shafique, M., Zhang, H., Ateeq, M., & Yuan, J. (2021). Analyzing the relationship between economic growth and electricity consumption from renewable and non-renewable sources: Fresh evidence from newly industrialized countries. Sustainable Energy Technologies and Assessments, 44, 100991.
Belenguer, E., Segarra-Tamarit, J., Pérez, E., & Vidal-Albalate, R. (2025). Short-term electricity price forecasting through demand and renewable generation prediction. Mathematics and Computers in Simulation, 229, 350-361.
Dai, K., Shen, S., & Cheng, C. (2022). Evaluation and analysis of the projected population of China. Scientific Reports, 12(1), 3644.
Gurgul, H., & Lach, ?. (2012). The electricity consumption versus economic growth of the Polish economy. Energy economics, 34(2), 500-510.
Han, J., Zeeshan, M., Ullah, I., Rehman, A., & Afridi, F. E. A. (2022). Trade openness and urbanization impact on renewable and non-renewable energy consumption in China. Environmental Science and Pollution Research, 29(27), 41653-41668.
He, Y., Wang, M., Guang, F., & Zhao, W. (2020). Research on the method of electricity demand analysis and forecasting: The case of China. Electric Power Systems Research, 187, 106408.
International Energy Agency. (2019). World Energy Outlook 2019. https://www.iea.org/reports/world-energy-outlook-2019 (accessed on 16 November 2019).
International Energy Agency. (2022). Efficiency and demand [Data set]. https://www.iea.org/countries/china/efficiency-demand
Jiang, H. D., Liang, Q. M., Yao, Y. F., & Liu, L. C. (2024). Incentive policies to realize large-scale deployment of CCS in China's power sector and its economy-wide impacts. Structural Change and Economic Dynamics, 71, 1-14.
Kirschen, D. S., Strbac, G., Cumperayot, P., & Paiva Mendes, D. (2000). Factoring the elasticity of demand in electricity prices. IEEE Transactions on Power Systems, 15(2), 612-617.
Klemeš, J. J., Varbanov, P. S., Walmsley, T. G., & Foley, A. (2019). Process integration and circular economy for renewable and sustainable energy systems. Renewable and Sustainable Energy Reviews, 116, 109435.
Li, S., Ji, L., Wang, Y., Zhou, X., Wang, X., Jiang, S., & Sun, Q. (2024). Can China's carbon generalized system of preferences reduce urban residents' carbon emissions? Evidence from a quasi-natural experiment. Journal of Environmental Management, 362, 121222.
Lin, B., & Zhu, J. (2020). Chinese electricity demand and electricity consumption efficiency: Do the structural changes matter? Applied Energy, 262, 114505.
Mahmood, H., Wen, J., Zakaria, M., & Khalid, S. (2022). Linking electricity demand and economic growth in China: evidence from wavelet analysis. Environmental Science and Pollution Research, 29(26), 39473-39485.
Moezzi, M. (2000). Decoupling Energy Efficiency from Energy Consumption. Energy & Environment, 11(5), 521-537.
Sauer, J. M. T., Kirchherr, J., Plummer-Braeckman, J., & Anadón, L. D. (2024). Multilevel actor networks in China’s growing fossil-fuel based role in the global electricity sector. Environmental Research Letters, 19(11), 114037.
Shahbaz, M., Uddin, G. S., Rehman, I. U., & Imran, K. (2014). Industrialization, electricity consumption and CO2 emissions in Bangladesh. Renewable and sustainable energy reviews, 31, 575-586.
Song, M. L., Song, H., Zhao, J. J., & Wang, J. L. (2017). Power supply, coal price, and economic growth in China. Energy Systems, 8, 727-746.
Tang, Z., Liu, Y., Zhang, L., Gu, H., & Liao, Y. (2023). Natural resources, cleaner electricity production and economic performance. Resources Policy, 86, 104271.
Tiwari, A. K., Eapen, L. M., & Nair, S. R. (2021). Electricity consumption and economic growth at the state and sectoral level in India: Evidence using heterogeneous panel data methods. Energy Economics, 94, 105064.
Xu, S., & Chen, W. (2006). The reform of electricity power sector in the PR of China. Energy policy, 34(16), 2455-2465.
Yang, C., Meng, C., & Zhou, K. (2018). Residential electricity pricing in China: The context of price-based demand response. Renewable and Sustainable Energy Reviews, 81, 2870-2878.
Zaman, K., Khan, M. M., Ahmad, M., & Rustam, R. (2012). Determinants of electricity consumption function in Pakistan: Old wine in a new bottle. Energy policy, 50, 623-634.
Zhang, Y., Liu, C., Li, K., & Zhou, Y. (2018). Strategy on China's regional coal consumption control: A case study of Shandong province. Energy Policy, 112, 316-327.
Zhang, C., Zhou, K., Yang, S., & Shao, Z. (2017). On electricity consumption and economic growth in China. Renewable and Sustainable Energy Reviews, 76, 353-368.
Zhao, X., Zhang, J., Zhang, C., & Hu, J. (2023). Decoupling analysis and forecast of economic growth from electricity consumption in the Yangtze River Delta region, China. Environmental Science and Pollution Research, 30(57), 120422-120460.
Zhao, Y., & Zhang, N. (2025). Energy Trade Access and Market Monopoly: Evidence from China’s Power Sector. World Development, 185, 106797.
Zhou, Y. (2024). Low-carbon urban–rural modern energy systems with energy resilience under climate change and extreme events in China—A state-of-the-art review. Energy and Buildings, 114661.
Zhou, Y., & Lin, B. (2025). The energy-saving effect of green fiscal policy: Empirical evidence from China's comprehensive demonstration cities of energy conservation and emission reduction fiscal policy. Applied Energy, 378, 124784.
Yip, P. S., Zhang, X., & Ng, W. C. (2025). Modeling Electricity Demand in Shandong Province. International Journal of Academic Research in Economics and Management Sciences, 14(2), 167–176.
Copyright: © 2025 The Author(s)
Published by HRMARS (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode