Analysis of dependence of energy intensity level of the economy on the electricity price for households of the EU member-states

Abstract

In the proposed article, we identified possible dependencies of the price of electricity for households and energy intensity of the economy of the EU Member States. For each of the EU countries we have established limiting values of electricity prices for households in which the energy intensity of the economy is likely to reduce. Association Rules, one of the methods of Data Minig, has been applied, which makes it possible to discover hidden dependencies and relationships between the studied variables at the stage of data exploration. This analysis is based on building Association Rules of relation between the observed processes. The results will be useful in the construction of regression and predictive models and during cluster analysis.In the proposed article, we identified possible dependencies of the price of electricity for households and energy intensity of the economy of the Member States. For each of the EU countries we have established limiting values of electricity prices for households in which the energy intensity of the economy is likely to reduce. Association Rules, one of the methods of Data Minig, has been applied, which makes it possible to discover hidden dependencies and relationships between the studied variables at the stage of data exploration. This analysis is based on building Association Rules of relation between the observed processes. The results will be useful in the construction of regression and predictive models and during cluster analysis.