The Impact of Socio-Economic Indicators on Sustainable Consumption of Domestic Electricity in Lithuania

Abstract

Lithuania is one of the EU Member States, where the rate of energy consumption is comparatively low but consumption of electricity has been gradually increasing over the last few years. Despite this trend, households in only three EU Member States consume less electricity than Lithuanian households. The purpose of this research is to analyse the impact of socio-economic factors on the domestic electricity consumption in Lithuania, i.e., to establish whether electricity consumption is determined by socio-economic conditions or population's awareness to save energy. Cointegration analysis, causality test and error-correction model were used for the analysis. The results reveal that there is a long run equilibrium relationship between residential electricity consumption per capita and GDP at current prices as well as the ratio of the registered unemployed to the working-age population. In consequence, the results of the research propose that improvement of living standards for Lithuanian community calls for the necessity to pay particular attention to the promotion of sustainable electricity consumption by providing consumers with appropriate information and feedback in order to seek new energy-related consumption practices.

The Segmentation of Polish One-Person Households Due to Consumption

“…It may be caused by better financial situation of households located in cities. Another researcher has also pointed that in the long run, an increase of 1% in GDP at current prices in Lithuania will lead to an increase of above 0.53% in electricity consumption per capita [59]. It can be assumed the results of this research can contribute to promotion of electricity saving aligned with the changes in demographic and social situation also in Poland.…”

The Approach to Industry 4.0 within the Slovak Business Environment

“…As argued by Abrham et al (2015), a quarter of suppliers will invest less than 1% and 30% of them more than 1% of their revenues. At the end of 2016, the Slovak government also began to be respond to Industry's 4.0 challenges, and its resolution entitled "Intelligent Industry Concept Slovakia" describes the current situation and requires the relevant ministries to set up the Intelligent Industry Platform and develop an Intelligent Industry Action Plan for the Slovak Republic (Vojtovic et al 2018). As argued by Abrhám (2017), the area where governmental support is expected is the continuing low added value for the automotive industry in particular.…”

Model and Algorithm of Electricity Consumption Management for Household Consumers in the Republic of Tajikistan

“…As an example, from the point of view of territorial location, the ambient temperature in Dushanbe does not fall below -5℃ in winter, and in the Gorno-Badakhshan Autonomous Region with the center of Khorog, the ambient temperature in winter can reach -30℃, therefore, electricity consumption by household consumers in Khorog will be higher than in Khorog. The influence of temperature on power consumption has been sufficiently studied [8][9][10][11][12].…”