TITLE:
Demand of Electric Energy at National Level, and Its Impact on National Growth 1988-2014
AUTHORS:
Danae Duana Avila, Tirso Javier Hernández Gracia, Karina Valencia Sandoval, Sergio Demetrio Polo Jiménez
KEYWORDS:
Energy, Electricity Sector, Econometric Model, Substitute Goods
JOURNAL NAME:
Advances in Applied Sociology,
Vol.7 No.10,
October
30,
2017
ABSTRACT: The energy sector has a positive impact within the national GDP in Mexico with US795471.185. The electricity age began in Mexico in 1849, after it began in the United States and Europe. On the other hand, the adequate consumption of energy is indispensable for the economic and social development of a country. The electric power industry is one of the fundamental pillars on which the economy of all countries is based, so that the operation of this sector directly affects the economic growth of Mexico. The current situation in Mexico requires changing the way energy is produced and consumed to ensure sustainable economic development. The world is now facing the challenge of combating climate change, while pursuing economic growth and an equitable distribution of wealth. Electricity cannot be stored because higher costs, so demand and supply must be absolutely balanced in real time. A number of countries, such as the USA, China, Brazil, Japan and Russia, are in a continuous process with a common objective: to provide a reliable and economical electric service. However, in Mexico, the 2013 constitutional reform was implemented, which promotes the improvement of Mexican economies, with the main objective of reducing the cost of electricity and gas. The present research is an approach to the behavior of the energy market.