Evaluation of the efficiency of enterprises in the transition to alternative (helio) energy sources
Abstract
The aim of the article is to study the main approaches and develop a methodology for assessing the efficiency of enterprises in the transition to alternative (helio) energy sources. The concepts of the ʻenergy efficiencyʼ and the ʻenergy savingʼ are the main characteristics of efficient use of energy resources. The term "energy efficiency" is a resultant indicator that captures the achieved level of efficiency of consumption and use of fuel and energy resources in the process of enterprise activity. The concept of ʻenergy savingʼ is a process indicator that indicates the way to achieve energy efficiency (implementation of a set of measures) of resource conservation in the enterprise. It is established that the key indicator for assessing the efficiency of the energy consumption system is the energy intensity indicator, the reduction of which should be considered as one of the main tasks in order to increase the efficiency of the enterprise.
It is proved that the transition of an industrial enterprise to alternative (helio) energy sources is a guarantee of reducing its energy intensity. Therefore, the issues of implementation of energy saving programs are relevant for industrial enterprises. Energy saving measures will help reduce costs at the enterprise, conserve natural resources. The study found that solar energy in Ukraine in 2019 shows a bright positive trend. The ʻgreen tariffʼ was officially received by stations with a total capacity of 3537.382 MW, which is 5.48 times higher than in 2018. In 2019, the capacity of industrial solar power plants was put into operation 3.5 times more than in all previous years. The amount of electricity produced by industrial plants, in 2019, is 2.66 times higher than in 2018.
The transition to alternative energy sources for industrial enterprises is a rather complex technological task, which requires methodological developments for the optimization of energy resources to maximize the efficiency of enterprises. A method for assessing the efficiency of the enterprise in its transition to alternative (helio) energy sources based on the use of production functions and factor models, which include the entire evaluation apparatus and a set of indicators of efficiency (appropriateness) of resource use, i.e. resource conservation. This method of assessing the performance of the enterprise is based on the use of the Cobb-Douglas production function, which allows to justify the decision on the feasibility of the use of production resources and to adjust the deviations of the spent resources from the normative values.
Downloads
References
Austin, J., Stevenson, H., and Wei-Skillern, J. (2006), “Social and Commercial Entrepreneurship: Same, different, or both?” Entrepreneurship Theory and Practice 30(1), 1-22.
Biddle, Jeff. 2012. "Retrospectives: The Introduction of the Cobb-Douglas Regression." Journal of Economic Perspectives, 26 (2): 223-36.
Bondarenko S.A., Zerkina O.O. (2019). SMART GRID as a basis for innovative transformations in the electricity market of Ukraine in the conditions of European integration processes. Business Inform. 4. 105-114.
Bondarenko Svitlana (2019). Smart grid in ensuring the intellectualization of the energy system of Ukraine. Social development & Security. 9 (1), 26–39.
BP: Statistical Review of World Energy - 2020 edition. https://nangs.org/analytics/bp-statistical-review-of-world-energy
Ciara Ahern, Brian Norton. (2020). Energy Performance Certification: Misassessment due to assuming default heat losses. Energy and Buildings. 224(1). https://www.sciencedirect.com/science/article/pii/S037877882030880X
Cohen B., Winn M. I. (2007). Market imperfections, opportunity and sustainable entrepreneurship. Journal of Business Venturing. Issue 22. 29 – 49.
Dean, T. J., and McMullen, J. S. (2007). “Toward a theory of sustainable entrepreneurship: Reducing environmental degradation through entrepreneurial action.” Journal of Business Venturing 22, 50– 76.
Dopazo, J.F.; Klitin, O.A.; Stagg, G.W.; Watson, M. (1967). An optimization technique for real and reactive power allocation. Proc. IEEE, 55, 1877–1885.
Energy efficiency 101: what is energy efficiency? https://www.energysage.com/energy-efficiency/101/
Energy management for business. https://www.energy.gov.au/business/energy-management-business
Energy market, http://www.er.gov.ua/
Energy-intensive industries. Challenges and opportunities in energy transition. https://www.europarl.europa.eu/RegData/etudes/STUD/2020/652717/IPOL_STU(2020)652717_EN.pdf
European industrial strategy. https://ec.europa.eu/info/strategy/priorities-2019-2024/europe-fit-digital-age/european-industrial-strategy_en
Georgeson L., Maslin M., Poessinouw M. (2014). The global green economy: a review of concepts, definitions, measurement methodologies and their interactions. Gegraphy and Environment, 4(1). https://rgsibg.onlinelibrary.wiley.com/doi/pdf/10.1002/geo2.36
Going Circular: how Global Business is embracing the Circular Economy. https://www.greenindustryplatform.org/sites/default/files/downloads/resource/newsweek_vantage_going_circular_2018jan19.pdf
Intergovernmental Panel on Climate Change (IPCC). Climate Change 2007—Mitigation of Climate Change: Contribution of Working Group III to the Fourth Assessment Report of the IPCC. Cambridge University Press (2007). https://agris.fao.org/agris-search/search.do?recordID=XF2008415344
J. Sathaye, S. Murtishaw (2004). Market Failures, Consumer Preferences, and Transaction Costs in Energy Efficiency Purchase Decisions. Public Interest Energy Research (PIER) Program, CA, USA. https://www.osti.gov/servlets/purl/919919
Letschert, V., Bojda, N., Ke, J., McNeil, M.A. (2012). Global Estimate of Cost-Effective Potential for Minimum Efficiency Performance Standards—Energy Savings, Environmental and Financial Impacts. Lawrence Berkeley National Laboratory Report LBNL-5723E. https://www.osti.gov/servlets/purl/1223012
Lukaschuk Yu. A., Bem I., Levchenko OV (2018). Energy efficiency of pneumatic systems within the possibilities of the industrial revolution 4.0. Mechanics and Advanced Technologies. 2(83). 87-93.
McNeil, M. A., Letschert, V. E., de la Rue du Can, S. (2008). Global Potential of Energy Efficiency Standards and Labeling Programs. Lawrence Berkeley National Laboratory, for Ministry of Economy, Trade, and Industry (METI). https://www.osti.gov/servlets/purl/935754
Murphy, L., Meier, F., 2011. Waking a Sleeping Giant: Policy Tools to Improve the Energy Performance of the Existing Housing Stock in The Netherlands. European Council for Energy-Efficient Economy, Summer Study 2011, La Colle Sur Loup, France. https://repository.tudelft.nl/islandora/object/uuid:c1f0c794-f094-4d4d-a2ed-29aa53e62718
Promoting the improvement of environmental performance of small and medium enterprises. The main results of the survey. Recearch&Branding Group. http://rb.com.ua/2015/
Ruzzenenti F, Font Vivanco D, Galvin R, Sorrell S, Wagner A and Walnum HJ (2019) Editorial: The Rebound Effect and the Jevons' Paradox: Beyond the Conventional Wisdom. Front. Energy Res. 7:90.
Solar energy: what you need to know. https://www.energysage.com/solar/
World Energy Investment 2020. https://www.iea.org/reports/world-energy-investment-2020/key-findings?utm_content=buffer47e92&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
Abstract views: 232 PDF Downloads: 191
Copyright (c) 2020 Iryna Perevozova, Tetiana Maksimenko, Svіtlana Bondarenko
This work is licensed under a Creative Commons Attribution 4.0 International License.
The authors agree with the following conditions:
1. Authors retain copyright and grant the journal right of first publication (Download agreement) with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
2. Authors have the right to complete individual additional agreements for the non-exclusive spreading of the journal’s published version of the work (for example, to post work in the electronic repository of the institution or to publish it as part of a monograph), with the reference to the first publication of the work in this journal.
3. Journal’s politics allows and encourages the placement on the Internet (for example, in the repositories of institutions, personal websites, SSRN, ResearchGate, MPRA, SSOAR, etc.) manuscript of the work by the authors, before and during the process of viewing it by this journal, because it can lead to a productive research discussion and positively affect the efficiency and dynamics of citing the published work (see The Effect of Open Access).