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Analysis of Energy System in Norway with Focus on Energy Consumption Prediction

Author

Listed:
  • Hamlehdar Maryam
  • Aslani Alireza

    (Renewable Energy Department, Faculty of New Sciences and Technologies, University of Tehran, Iran (Islamic Republic of))

Abstract

Today, the fossil fuels have dominant share of energy supply in order to respond to the high energy demand in the world. Norway is one of the countries with rich sources of fossil fuels and renewable energy sources. The current work is to investigate on the status of energy demand in Norway. First, energy and electricity consumption in various sectors, including industrial, residential are calculated. Then, energy demand in Norway is forecasted by using available tools. After that, the relationship between energy consumption in Norway with Basic economics parameters such as GDP, population and industry growth rate has determined by using linear regression model. Finally, the regression result shows a low correlation between variables.

Suggested Citation

  • Hamlehdar Maryam & Aslani Alireza, 2017. "Analysis of Energy System in Norway with Focus on Energy Consumption Prediction," Management of Sustainable Development, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 9(1), pages 5-14, June.
    • Handle: RePEc:blg:msudev:v:9:y:2017:i:1:p:5-14:n:1
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