Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)

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Research on the Transmission Effect of Energy Price Fluctuations in High Energy-Consuming Industries

Authors
Weiwei Zhang1, *, Kan Yang1, Qiujie Sun1, Junjie Li1
1Economic and Technological Research Institute of State Grid Zhejiang Electric Power Co., Ltd., Hangzhou, 310000, Zhejiang, China
*Corresponding author. Email: 562715987@qq.com
Corresponding Author
Weiwei Zhang
Available Online 10 August 2023.
DOI
10.2991/978-94-6463-198-2_32How to use a DOI?
Keywords
Energy price fluctuations; high energy-consuming industries; Inflation effect
Abstract

High energy-consuming industries are an important part of China's industrial structure, and are of great significance for China to promote “steady growth” and “carbon peaking and carbon neutrality”. Energy is a key raw material in the production process of energy-intensive industries. Therefore, energy prices and the prosperity of energy-intensive industries often affect each other. In order to clarify the specific situation of the transmission of energy price fluctuations in high energy-consuming industries, this paper conducts research from two aspects: mechanism discussion and empirical analysis. Specifically, this paper firstly describes the structural impact of energy price fluctuations on high energy-consuming industries from the perspective of the internal characteristics of high-energy-consuming industries, and summarizes the mechanism by which high-energy-consuming industries are affected by energy price fluctuations. Subsequently, the VAR model is used to quantitatively study the transmission mechanism of energy prices in high-energy-consuming industries, and the impact of energy price fluctuations on production costs, product prices, and prosperity of high-energy-consuming industries is calculated.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
10 August 2023
ISBN
978-94-6463-198-2
ISSN
2589-4900
DOI
10.2991/978-94-6463-198-2_32How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Weiwei Zhang
AU  - Kan Yang
AU  - Qiujie Sun
AU  - Junjie Li
PY  - 2023
DA  - 2023/08/10
TI  - Research on the Transmission Effect of Energy Price Fluctuations in High Energy-Consuming Industries
BT  - Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
PB  - Atlantis Press
SP  - 289
EP  - 296
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-198-2_32
DO  - 10.2991/978-94-6463-198-2_32
ID  - Zhang2023
ER  -