FORECASTING RESIDENTIAL ELECTRICITY CONSUMPTION IN INDONESIA

Praptiningsih, Maria and Tanoto, Yusak (2013) FORECASTING RESIDENTIAL ELECTRICITY CONSUMPTION IN INDONESIA. In: Yogyakarta Economics Business International Conference 2013, 05-12-2013 - 06-12-2013, Yogyakarta - Indonesia.

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Abstract

Macro indicators impact towards electricity consumption in the residential sector was considered prominent to be investigated in relation to the energy policy planning. The research objective includes establishment of appropriate model containing macro indicators as the variables through the utilization of econometric method. The study period was 1990 – 2010. In addition, the forecasting model for household electricity consumption is also developed using econometric method. The forecasting result showed important findings in terms of supply capacity that should be prepared by the government. Those macroeconomic indicators such as GDP and inflation are confirmed to have a long term effect on residential electricity consumption particularly. The government should be able to predict the demand side along with the supply side of electricity. As one of the important energy, electricity should be intensively preserved as the primary energy that affecting the aggregate economy such as consumption, production, and also investment in the long term relatively to the other energy.

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