Abstract
This paper describes an analysis of recent trends in industrial output and electricity consumption carried out at the Electricity Council. The analysis examines the significance of changes in industrial structure and in the intensity of electricity use within major industries using a simple arithmetical procedure. The conclusion reached is that such factors have, in recent years, had a major influence on trends in industrial electricity consumption. The importance of these factors explains why simple econometric models which describe industrial electricity sales as a function of total industrial output have proved unsatisfactory for forecasting purposes. This conclusion underlines the need to use a disaggregated approach to electricity forecasting, an approach which the electricity industry has used increasingly.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
