Forecast of electricity consumption of Jiangsu province by grey methods

As Jiangsu province ranks in rapid economic development area in China, its electricity consumption gets an increasingly grow in recent years. It is meaningful and significant to forecast its electricity consumption tendency. GM(1,1) and GM(0,N) are applied to look insight into the tendency in the paper. The models have good accuracy. Through the models, we find that the electricity consumption of Jiangsu will proceed to increase rapidly.