Analysis of power industry's technological progress contribution based on Solow's residual method

Abstract

Nowadays, technological progress plays a more and more important role in the development of electric power industry. This paper collects data about the development of electric power industry in the past decade, and calculates the contribution degree of technology by using Solow method of remainder. Based on the analysis, the conclusion is drawn that at present China's power industry should seize the opportunities brought by the world new energy development and the intelligent electrical network construction, and realize electric economy's high-quality development relying on technological progress.