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This paper builds a new and old kinetic energy conversion monthly monitoring index system based on power demand data, and measures the new and old kinetic energy conversion monthly index of Shandong. Since 2014, the old and new kinetic energy conversion index maintained a low level of fluctuation, indicating that the effect of the conversion of old and new kinetic energy in Shandong is still insufficient, and the succession is weak. The old kinetic energy has achieved remarkable results in eliminating backward production capacity, but the new kinetic energy failed to achieve effective connection conversion. Specifically, before 2013, the new kinetic energy monthly index was mostly higher than the old kinetic energy monthly index. The rapid development of the new kinetic energy industry is the leading force to promote the conversion of new and old kinetic energy in Shandong, while the old kinetic energy industry has hindered the conversion process of new and old kinetic energy in Shandong. Since 2013, the old kinetic energy index is mostly higher than the new kinetic energy index, indicating that the old kinetic energy has achieved remarkable results in eliminating backward production capacity, but the lack of development of the new kinetic energy industry has made the conversion of new and old kinetic energy slower.

Construction of New and Old Kinetic Energy Conversion Monitoring Index Based on Electricity Demand Data