Energy is the material basis of social production activities and plays an extremely important role in the development of society. Because the energy industry, as a basic industry, on the one hand provides raw materials for other production sectors, on the other hand, the development of the energy industry also occupies a large proportion in the development of the entire social economy. This paper takes petroleum energy consumption in K province as an example, selects variables such as GDP, permanent population, the proportion of tertiary industry, energy price index and other variables to establish a general econometric model, and analyzes the changes in energy consumption of three cities M, N and O in this province by these variables. The empirical analysis results show that, at a significant level of 5%, the level of economic development has a significant impact on the oil consumption in N and Q cities, and for each additional unit of regional GDP, oil consumption in N city increases by 1.97%, and O city increases by 3.16%. ; The population factor has a significant impact on the oil consumption in O city, and for each additional unit of population, the oil consumption in N city decreases by 11.34%; the industrial structure change has a significant impact on the oil consumption in N city and O city, and every increase in the proportion of the tertiary industry One unit, the oil consumption of N and O cities increased by 8.93% and 5.72%; and the energy price index had no significant effect on the oil consumption of each city.

Yifei Ren. Changes in Energy Consumption Based on Empirical Analysis of Econometric Models. Academic Journal of Energy (2021), Vol. 2, Issue 1: 17-25. https://doi.org/10.38007/RE.2021.020103.

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