Energy conservation direction and economic growth

Authors

  • Amnart Yasothorn
  • Pard Teekasap
  • Sombat Teekasap

Abstract

In this study, a system dynamics model with electricity consumption and economic growth by focusing on Thailand. According to data from 1999-2012, In case of how “reducing electricity consumption according to government policy” can provided any effect to the economic growth. This study of electricity consumption has been performed in 3 sections; Commercial, Industrial and Residential. This research investigated the effect of reducing electricity consumption due to government policy in 2 cases, “reserve” the saving that left from electricity cost reduction (case 1) and “spend” the saving that left from electricity cost reduction after subtract with net saving (case 2), all economic growth was reduced for both case. In first case, the economic growth of industrial section was most affected, followed by commercial and residential respectively.  In second case, all economic growth was also reduced. Industrial section was the most affected by the most short-term economic growth reduction then followed by commercial and residential section but for the long-term economic growth reduction, commercial section was the most affect then followed by industrial and residential section. From study of both case, the research showed that “reserve” the saving that left from electricity cost reduction was cost more economic growth reduction more than “spend” the saving that left from electricity cost reduction after subtraction with net saving.

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Published

2018-01-16

How to Cite

Yasothorn, A., Teekasap, P., & Teekasap, S. (2018). Energy conservation direction and economic growth. Journal of Renewable Energy and Smart Grid Technology, 12(2), 1–12. Retrieved from https://ph01.tci-thaijo.org/index.php/RAST/article/view/85703

Issue

Vol. 12 No. 2 (2017): July - December 2017

Section

Articles

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