Economic Research Section
The competition among energy industries, including electricity, gas and oil, is expected to become more intense in Hokkaido because of soaring world oil prices and sluggish energy demand due to population decrease.
Based on the changes in the above business environment, the Economic Research Section analyzes the comprehensive energy demand in Hokkaido, not just electricity but major energy sources including oil and gas.
According to the analysis of energy demand trends after FY 2000, the following findings were obtained with regard to Hokkaido energy demand.
Based on the above analysis results, we forecasted the energy demand in Hokkaido until FY 2017 and the prediction result shows as follows.
Fig-1 Year-on-year increase in GDP and final energy demand in Hokkaido (predicted value)
We will adequately weigh predicted values of FY 2007 against the results and review the forecasting method of energy demand and the data which we used for the accuracy improvement of the forecast.