The relationship among energy prices and energy consumption in China

Yuan, Chaoqing; Liu, Sifeng; Wu, Junlong

doi:10.1016/j.enpol.2009.09.006

Cited by 90 publications

(24 citation statements)

References 28 publications

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“…The negative own-price elasticity for coal and oil was found by Bloch et al [49] in 2015, which implied that the consumption of coal and oil fell with rising price. Yuan et al [20] concluded that the higher price decreased energy consumption in Chinese industrial and residential sectors in the long run. Liu and Zhao [50] found that increasing energy price restrained residential energy consumption in China from 1993-2011.…”

Section: Literaturementioning

confidence: 99%

Analysis of the Relative Price in China’s Energy Market for Reducing the Emissions from Consumption

et al. 2017

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Abstract:As a developing country, extensive carbon and sulfur emissions are associated with China's rapid social and economic development. Chief among them are the emissions from coal and oil consumption. This paper focuses on the demand side, attempting to regulate the range of relative price of oil to coal at the consumption level. Through the adjustment of the relative price, the goal of reducing the emissions of carbon and sulfur could be achieved in the market of energy consumption. Data regression is applied to investigate the functional relationship between emissions and energy prices. The results indicate that when the coal price is less than 300, the higher relative price leads to less carbon and sulfur emissions; when the coal price is more than 300 and less than 500, there exists an optimal relative price which has the least carbon emissions, and this value is not more than 11.5; when the coal price is more than 500, the smaller relative price is beneficial to decline carbon and sulfur emissions. The changed trend of relative price-sulfur emissions is very similar to relative price-carbon emissions. Compared to the present energy situation in China, the relative price of oil to coal still need to be reduced especially when coal price is more than 500.

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Section: Literaturementioning

confidence: 99%

Analysis of the Relative Price in China’s Energy Market for Reducing the Emissions from Consumption

et al. 2017

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“…For the case of China, Yuan et al [57] proved that higher energy price would decrease energy consumption in the Chinese industrial sector. Generally, price indexes are used for the measurement of price changes.…”

Section: Electricity Price (mentioning

confidence: 99%

Determinants of Electricity Demand in Nonmetallic Mineral Products Industry: Evidence from a Comparative Study of Japan and China

Sun

2015

Sustainability

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Electricity intensity is an important indicator for measuring production efficiency. A comparative study could offer a new perspective on investigating determinants of electricity demand. The Japanese non-metallic mineral products industry is chosen as the object for comparison considering its representative position in production efficiency. By adopting the cointegration model, this paper examines influencing factors of electricity demand in Japanese and Chinese non-metallic mineral products industries under the same framework. Results indicate that although economic growth and industrial development stages are different between the two countries, major factors that affect the sectoral energy consumption are the same. Specifically, economic growth and industrial activity contribute to the growth of sectoral electricity consumption, while R&D intensity, per capita productivity and electricity price are contributors to the decline of sectoral electricity consumption. Finally, in order to further investigate the development trend of sectoral electricity demand, future electricity consumption and conservation potential are predicted under different scenarios. Electricity demand of the Chinese non-metallic mineral products industry is predicted to be 680.53 TWh (terawatt-hours) in 2020 and the sectoral electricity conservation potentials are estimated to be 118.26 TWh and 216.25 TWh under the moderate and advanced electricity-saving scenarios, respectively. OPEN ACCESSSustainability 2015, 7 7113

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“…In addition, scholars are devoted to studying the relationship of energy demand and price. Yuan et al [21] analyzed the relationships between Chinese energy consumption and energy price using econometric methods. Lee and Chong [22] used causal relationships to determine the effects of energy sources and prices on carbon emissions.…”

Section: Introductionmentioning

confidence: 99%

Will the Steam Coal Price Rebound under the New Economy Normalcy in China?

2016

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Abstract:The steam coal price in China has been continuously decreasing since the second half of 2012. Constant low price of coal will accelerate the development of thermal power, cause more serious air pollution problems, and bring adverse influence to China's energy reformation in the future. Therefore, analyzing the factors underlying the phenomenon of the decreasing steam coal price is significant. In this study, we first qualitatively analyze five main factors, namely, economy, supply, demand, substitutes, and port stocks. On the basis of the relationships among these five factors, we obtain the causality diagram and the system flow diagram of coal price for further quantitative research. Then, we conduct an empirical analysis using the system dynamics (SD) method and determine the simulated price from 2012 to 2017. Finally, we discuss the running results and come to the conclusion that the steam coal price will continue to decrease under the combined actions of the five main factors and it will not rebound in the near future.

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The relationship among energy prices and energy consumption in China

Cited by 90 publications

References 28 publications

Analysis of the Relative Price in China’s Energy Market for Reducing the Emissions from Consumption

Analysis of the Relative Price in China’s Energy Market for Reducing the Emissions from Consumption

Determinants of Electricity Demand in Nonmetallic Mineral Products Industry: Evidence from a Comparative Study of Japan and China

Will the Steam Coal Price Rebound under the New Economy Normalcy in China?

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