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Features of Cost Advantages from Implementation of Energy-Saving Projects

Author

Listed:
  • Gulnara M. Kvon

    (Ural State University of Economics (USUE), Yekaterinburg, Russia,)

  • Alexey I. Prokopyev

    (Plekhanov Russian University of Economics, Moscow, Russia)

  • Victor A. Shestak

    (Moscow State Institute of International Relations (MGIMO University), Moscow, Russia)

  • Anna A. Larionova

    (Financial University under the Government of the Russian Federation, Moscow, Russia,)

  • Evgeniya V. Shikh

    (I.M. Sechenov First Moscow State Medical University (Sechenov University), Moscow, Russia)

Abstract

The implementation of the tasks envisaged by the National Security Strategy provides for the creation and implementation of projects aimed at the formation of the appropriate infrastructure of the regions. The most important component of the regional infrastructure is the energy one, which ensures the solution of urgent problems of the population and enterprises of the regions in obtaining energy and heat supply services. The achievement of the abovementioned goal is provided by introduction of investment projects, the implementation of which makes it possible to obtain cost advantages by consumers of services. Analysis of these projects' implementation programs over a long period of time confirms the significant cost advantages, the importance of which is determined by its social significance. The purpose of this paper is studying issues aimed at analyzing, assessment and shaping the cost benefits of the introduction of energy-efficient innovative technologies for heat-saving at enterprises of the public utilities sector. The study methods for this issue include the cost-benefit analysis, the cost efficiency assessment, tabular and graphical methods, which allow visualizing the structure of the economic effect and identifying its features. The paper presents the structure of the cost advantages gained by consumers that introduce innovative energy-saving technologies. The study revealed the features of the cost benefits formation, their structure, characteristic of these technologies. The paper draws a conclusion about the effectiveness of these projects, confirmed by the results of calculations, for consumers of services. Materials of the article are of practical value for professionals engaged in analysis and evaluation of energy/heat conservation projects, as well as for organizations that implement project outputs when comparing future benefits and costs as opposed to alternative technologies.

Suggested Citation

  • Gulnara M. Kvon & Alexey I. Prokopyev & Victor A. Shestak & Anna A. Larionova & Evgeniya V. Shikh, 2019. "Features of Cost Advantages from Implementation of Energy-Saving Projects," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 53-58.
  • Handle: RePEc:eco:journ2:2019-03-6
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    References listed on IDEAS

    as
    1. Gulnara M. Kvon & Alexey I. Prokopyev & Victor A. Shestak & Svetlana A. Ivanova & Konstantin V. Vodenko, 2018. "Energy Saving Projects as Energy Security Factors," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 155-160.
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    Cited by:

    1. Alexei Yumashev & Beata ƚlusarczyk & Sergey Kondrashev & Alexey Mikhaylov, 2020. "Global Indicators of Sustainable Development: Evaluation of the Influence of the Human Development Index on Consumption and Quality of Energy," Energies, MDPI, vol. 13(11), pages 1-13, June.
    2. Valery F. Anisimov & Yuri V. Truntsevsky & Valery V. Bessel & Saltanat Yessetova, 2020. "Prospects of Development of the Oil Industry in the Global Economy and in the Regional Economies," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 265-279.
    3. Dewi Mustikaningsih & Martha Fani Cahyandito & Umi Kaltum & Sri Sarjana, 2019. "Building Business Performance through Partnership Strategy Model: Evidence from Renewable Energy Industry in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 297-307.
    4. Alexey I. Shinkevich & Farida F. Galimulina & Yulia S. Polozhentseva & Alla A. Yarlychenko & Naira V. Barsegyan, 2021. "Computer Analysis of Energy and Resource Efficiency in the Context of Transformation of Petrochemical Supply Chains," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 529-536.
    5. Khawlah AL-TKHAYNEH & Sebastian KOT & Viktor SHESTAK, 2019. "Motivation And Demotivation Factors Affecting Productivity In Public Sector," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2019(33), pages 77-102, December.

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    More about this item

    Keywords

    cost advantages; cost benefits; cost advantage assessment method; energy security; energy saving; heat saving; project costs and results.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing

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