Rates of Change in GDP and Electricity Consumption. Electricity Consumption Coefficients

  • Bulat I. NIGMATULIN
  • Evgeniy S. ROGULEV
Keywords: rate of change in GDP, rate of change in electricity consumption, electricity consumption elasticity coefficient, forecasting, electric power industry

Abstract

The article examines the relationship between the growth rates of GDP and electricity consumption taking as an example the RSFSR/RF indicators for 1950–2025. Methodologically, the study is based on the calculation and analysis of the electricity consumption (elasticity) coefficient, which reflects the relationship (elasticity) between the electricity demand and the economic growth rate measured in terms of GDP growth rate. A retrospective analysis of the electricity consumption coefficient dynamics was carried out, and periods of its stability and structural changes caused by the economic system transformation were identified. Particular attention was paid to the influence of structural shifts in the economy on the elasticity coefficient ratio. Based on the identified patterns, the applicability of the elasticity coefficient for forecasting the electricity demand in the long term was considered. The presented relationship has been tested using the example of analyzing the forecast indicators of the General Scheme for the Placement of Electric Power Facilities in Russia until 2042. The study results testify the need to take into account the nonlinear nature of the relationship between economic growth and electricity consumption in long-term planning for the development of the electric power complex.

Author Biographies

Bulat I. NIGMATULIN

(Institute of Energy Problems, Moscow, Russia) – General Director, Corresponding Member of Russian Academy of Sciences, Dr. Sci. (Eng.), Professor.

Evgeniy S. ROGULEV

(Institute of Economic Forecasting of the Russian Academy of Sciences, Moscow, Russia) – Junior Researcher.

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Published
2025-08-28
Section
Article