Electricity Consumption In World Regions And Countries Under Macroeconomic Instability

Abstract

At the present humanity faces many global problems connected with economic development. One of the most acute is the problem of electricity production and consumption. The article summarizes the approaches to the study of factors affecting electricity consumption, and also reveals the interdependencies in the production and consumption of energy. The regression analysis methods were used to make models and conclusions about electricity consumption in industrial regions. The authors studied the statistical data of 83 Russian regions. An econometric model showing the dependence between electricity consumption and various factors has been developed, the following factors were considered as significant: Gross regional product, industrial output, volume of construction, volume of mineral production. The research carried out in the field of electric power industry remains relevant, significant and promising. Research and development in fundamentally new energy supply technologies is caused by current crises, the increase in industrial output, the evolution of the digital society, and the growth of energy consumption. Such technologies should accelerate the transition to resource-innovative sustainable development.

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This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.78

Online ISSN

2357-1330