Study of relationship between electricity consumption and economic growth in Sichuan province

For developing countries, electric power has been playing a more and more important role in national economy. In recent years, with the rapid development of economy in Sichuan province of China, electric power demand has entered a high-speed development period. For power grid companies, studying on the development trend of electricity is the key to expand electricity market and promote sustainable development for almost all industries. From the perspective of society, electric power construction is necessary for maintaining rapid economic growth. Based on Granger causality and co-integration relationship model, long-term equilibrium relationship between electricity consumption and GDP in Sichuan is studied. Analysis results show that, electric power has an obvious effect on the development of economic, so Sichuan should maintain preferential development of electric industry to serve as the firm foundation for the growth of economy. Furthermore, the analysis results can also be a reference for developing countries in Latin America.