Impacts of socioeconomic factors on monthly electricity consumption of China’s sectors

In this paper, we report eight sets of multivariate regression equations, introducing the socioeconomic factors for the estimation models of monthly electricity consumption in the primary, secondary, tertiary industry, and the household sectors, to study the quantitative effects of socioeconomic factors (electricity real price, activity level, income, holiday, etc.). The results demonstrate that the price elasticity of electricity demand in the household and the secondary industry sectors is significant. When the electricity price increases by 1 %, the demand in the household and secondary industry sectors reduces by 0.4–0.5 % with a time lag for the latter.