Zhaoguang Hu

Zheng Hu

Electricity Economics: Production Functions with Electricity studies the production output from analyzing patterns of electricity consumption. Since electricity data can be used to measure scenarios of economic performance due to its accuracy and reliability, it could therefore also be used to help scholars explore new research frontiers that directly and indirectly benefits human society. Our research initially explores a similar pattern to substitute the Cobb–Douglas function with the production function with electricity to track and forecast economic activities. The book systematically introduces the theoretical frameworks and mathematical models of economics from the perspective of electricity consumption. The E-GDP functions are presented for case studies of more than 20 developed and developing countries. These functions also demonstrate substantial similarities between human DNA and production functions with electricity in terms of four major characteristics, namely replication, mutation, uniqueness, and evolution. Furthermore, the book includes extensive data and case studies on the U.S., China, Japan, etc. It is intended for scientists, engineers, financial professionals, policy makers, consultants, and anyone else with a desire to study electricity economics as well as related applications. Dr. Zhaoguang Hu is the vice president and chief energy specialist at the State Grid Energy Research Institute, China. Zheng Hu is a PhD candidate at the Center for Energy and Environmental Policy, University of Delaware, USA.

Electricity Economics: Production Functions with Electricity

Jian Zhang

Ning Zhang

The book focuses on low-carbon issues and China’s economy, which is analyzed from the perspective of electricity economics. It proposes the novel concept of an “economic gene” to reflect certain characteristics of the economy. The gene mapping of China’s economy has been studied based on production functions with electricity. Economic mutations have also been studied with the aim of diagnosing problems in the economy. Two such mutations have occurred in China since 1978, the most recent being in 2012 and no further mutation is expected until 2025. The book describes the inherent quality of China’s economy from 2012 to 2025, and how mechanism reforms would greatly improve marginal representative factor productivity in this period. The agents response equilibrium (ARE) approach to simulate national economy, based on multi-agent technology is proposed. Another cornerstone of the model is the input-output table. Simulated input-output tables from 2011 to 2025 are provided in the book. This book provides recommendations for policy makers and advisors, and is a valuable resource for researchers in the fields of economics, public policies, low-carbon development, electricity and energy. It also provides insights into China’s economic development.

By Electricity Economics and Multi-agent

China’s Economic Gene Mutations

Xinyang Han

Quan Wen

Integrated Resource Strategic Planning and Power Demand-Side Management elaborates two important methods - Integrated Resource Strategic Planning (IRSP) and Demand Side Management (DSM) - in terms of methodology modeling, case studies and lessons learned. This book introduces a prospective and realistic theory of the IRSP method and includes typical best practices of DSM for energy conservation and emission reduction in different countries. It can help energy providers and governmental decision-makers formulate policies and make plans for energy conservation and emission reduction, and can help power consumers reduce costs and participate in DSM projects. Zhaoguang Hu is the vice president and chief energy specialist at the State Grid Energy Research Institute, and the head of the Power Supply and Demand Research Laboratory in China.

Zhaoguang Hu

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