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On Electric Power Consumed and Economic Development in Fujian Province Under the Background of Big Data

  • Zhenglong Leng
  • Yujing ZhangEmail author
  • Changyong Lin
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1117)

Abstract

With the continuous improvement of the intelligent management level of the power system, it will be possible to use the power big data to conduct “real-time monitoring” of the current state of economic development. In recent years, with the optimization of the industrial structure of Fujian province in China, the economic and power demand of various industries in Fujian province has also changed greatly. Therefore, studying the relations between power consumption and economy in Fujian’s sub-sectors has important guiding significance for the Fujian provincial government and power grid companies. A Granger causal nexus exam method was adopted to probe the relations between power consumption and economy in Fujian province. The results show that bidirectional causal relationships existed between electric power consumed as well as economic development at aggregate level and sectors of the primary industry; the industry has a one-way causal nexus from electric power consumption to economic development, while construction industry, transportation, warehousing and postal services have a one-way causal coupling nexus from economic development to electric power consumed.

Keywords

Big data Electric power consumed Economic development Granger test method 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2020

Authors and Affiliations

  1. 1.State Grid Fujian Electric Power CompanyFuzhouChina
  2. 2.Beijing SGITG-Accenture Information Technology Co., Ltd.BeijingChina
  3. 3.Power Economic Research Institute of State Grid Fujian Electric Power CompanyFuzhouChina

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