Analysis of China's Electricity Price and Electricity Burden of Basic Industries Under the Carbon Peak Target Before 2030

Abstract

The Chinese government is deepening reformation of electricity prices during the 14th Five Year Plan period and has set a carbon emission reduction target of reaching carbon peak before 2030. In this context, will the carbon emission target influence electricity pricing and will electricity price influence competitiveness of Chinese main industries are two questions needing to be answered. This paper compares China's electricity price level with the selected major countries in the world, and four typical industries are selected to evaluate their electricity burden respectively. Then, the correlation between residential electricity price and industrial electricity price and the influencing factors is analyzed, from the perspectives of scale, structure and technology. According to the model obtained by regression analysis, the electricity price level and corresponding residential and industrial electricity burden in 2025 and 2030 are forecasted.

Keywords

• Electricity burden
• industrial electricity price
• regression analysis
• residential electricity price