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Analysis of Energy Consumption in Colombia Using the Holt Method

Author

Listed:
  • Jheison Contreras-Salinas

    (Facultad de Ingenier as, Universidad Sim n Bol var, Barranquilla, Colombia,)

  • Fernando Lopez

    (Investigaci n, Universidad Aut noma de Nuevo Le n, Garza, M xico,)

  • Carlos A Rondon-Rodriguez

    (Ciencias econ micas, Universidad de la Costa CUC, Barranquilla, Colombia,)

  • Hugo G Hern ndez Palma

    (Facultad de Ingenier as, Universidad del Atl ntico, Barranquilla, Colombia,)

  • Juan-David De-la-Hoz-Hernandez

    (Investigaci n, Corporaci n Universitaria Latinoamericana, Barranquilla, Colombia)

Abstract

Energy production is constantly facing major challenges today, because despite initiatives to promote the insertion of renewable energy, electricity consumption has shown considerable growth in recent years. In order to use an instrument that facilitates forecasts and predictive processes for the design of strategic plans associated with energy management, the application of the Holt Method is proposed using data on electricity demand in Colombia, GDP per capita and industrial value added, making an analysis of the last 10 years, based on figures from the World Bank. The final results predict that energy consumption for the period 2018 - 2020 will be between 66,231 GWk and 66,885 GWk.

Suggested Citation

  • Jheison Contreras-Salinas & Fernando Lopez & Carlos A Rondon-Rodriguez & Hugo G Hern ndez Palma & Juan-David De-la-Hoz-Hernandez, 2020. "Analysis of Energy Consumption in Colombia Using the Holt Method," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 679-683.
    • Handle: RePEc:eco:journ2:2020-06-87
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    References listed on IDEAS

    as
    1. Yi Hu & Dongmei Guo & Mingxi Wang & Xi Zhang & Shouyang Wang, 2015. "The Relationship between Energy Consumption and Economic Growth: Evidence from China’s Industrial Sectors," Energies, MDPI, vol. 8(9), pages 1-15, August.
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    More about this item

    Keywords

    Energy Consumption; Holt Method; Energy Efficiency; Colombia.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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