Power Demand Analysis Based on The Power Consumption Elasticity Coefficient

With the promotion of heavy industrialization, we have a sustainable rapid economic growth and the high speed development of electric power industry. Thus causing the power consumption elasticity coefficient keeps a big change. With the launching of the national economic restructuring and energy conservation, we must study the law of electricity consumption elasticity coefficient variation if we want to reduce power consumption without affecting the rapid economic growth. In this paper, we use the co integration theory in the research of the power consumption trend in Shandong province in order to find out the characteristics of the power consumption.