The ASEAN Centre of Energy (ACE) aims to improve electricity accessibility among all 10 members. Electricity consumption is concerned globally, since it is main intermediate input of production in pursuing economic growth in this era Industrial Revolution 5.0. The motivation of this study is to examine the key elements that derives the electricity consumption in all Association of Southeast Asian Nations (ASEAN) countries from year 2000 to 2018. A panel data is utilized to investigate the relationship between urban population, industrial structure and financial development towards electricity consumption (kWh) using linear regression model (Pooled OLS, Random Effect, and Fixed Effect models). Results found that rapid growth of urban population gives a great impact to electricity consumption. Thailand and Vietnam have the highest positive interception using Fixed Effect model estimation. The findings of this research suggests the government to explore new energy sources to meet the increased demand of electricity while balancing the environmental sustainabilit.
The purpose of this study is to investigate the impact of electricity tariff changes towards renewable energy (RE) and non-RE growth in Malaysia. Recently, the growth of RE explains the interest of the world to shift the source of generating electricity towards green environmental sustainability. Thus, the utility provider predicts a decreased demand for electricity associated with the rise of RE and verse vice. Input-output model is utilized in this study to elaborate on the socialeconomic impact using data obtained from the Department of Statistics, Malaysia. The study focuses on the cost of production towards 124 production sectors for household expenditure from 12 types of consumer classifications. The results found a small impact on both categories, RE and non-RE, and it is proportionally associated with a positive increase in electricity tariff. Thus, the increase in RE did not have a big impact on the non-RE customer, leading to no impact on electricity tariff changes.
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