A FORECAST OF THE DEMAND OF ELECTRICAL ENERGY BY THE BUSINESS IN BULGARIA BY THE YEAR 2021 Cover Image

ПРОГНОЗИРАНЕ НА ТЪРСЕНЕТО НА ЕЛЕКТРОЕНЕРГИЯ ОТ СТОПАНСКИТЕ СУБЕКТИ В БЪЛГАРИЯ ДО 2021 Г.
A FORECAST OF THE DEMAND OF ELECTRICAL ENERGY BY THE BUSINESS IN BULGARIA BY THE YEAR 2021

Author(s): Nikola Gushterov
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: electricity demand;economic sector;demand elasticity

Summary/Abstract: The main consumer of electrical energy in Bulgaria is business. Analyzing its consumption would give an answer to one very important question. Does the country needs new power plants? In this regard the main goal of this article is to make an accurate forecast of the future consumption by using a proper demand function. The main factors used to calculate the demand of electricity are GDP, price of electricity and electrical efficiency. The elasticity of demand of these factors showed that the most influential one of them is GDP. The factor having the least effect is the price of electricity. Our own forecast shows that the level of consumption in 2021 would be very close to the one of 2015. This is mainly due to the opposite effect of the factors used in the demand equation.

  • Issue Year: 2016
  • Issue No: 11
  • Page Range: 167-181
  • Page Count: 182
  • Language: English