The consistency measure of hunan’s electric power industry prosperity index

Abstract

In view of the problem that the traditional electric power prosperity index lacks the support of the mixed frequency and multi-dimension data, a new consistency measure method is constructed, which uses time difference correlation analysis and principal component and consider the linkage of electric power and economy at the same time. Take the Hunan province for example, we set the pool of kinds of sectional electricity power consumption and other relatives data, use the method of principal component analysis to capture main character of electricity’s change. The results show that the proposed consistency measurement model can describe the fluctuation characteristics of Hunan’s Power Prosperity Index well. The model can be used for monitor the changes in the power industry status and promoting the policy-making about the adjustment of the energy-saving and environment-friendly structure.