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Supplying Energy to Vulnerable Segments of the Population: Macro-Financial Risks and Public Welfare

Author

Listed:
  • Elena Smirnova

    (Department of Taxes and Tax Administration, Financial University under the Government of the Russian Federation, 129347 Moscow, Russia)

  • Katarzyna Szczepańska-Woszczyna

    (Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Górnicza, Poland)

  • Saltanat Yessetova

    (Center for Social and Business Studies, University of International Business, Almaty 050000, Kazakhstan)

  • Vadim Samusenkov

    (Department of Prosthetic Dentistry, I.M. Sechenov First Moscow State Medical University (Sechenov University), 119991 Moscow, Russia)

  • Rodion Rogulin

    (Department of Applied Mathematics, Mechanics, Controlling and Software, Far Eastern Federal University, 690089 Vladivostok, Russia
    Department of Mathematics and Modeling, Vladivostok State University of Economics and Service, 690014 Vladivostok, Russia)

Abstract

The purpose of the study is to assess the level of energy supply to the population of the Eastern Europe, Caucasus, and Central Asian (EECCA) countries, taking into account their financial risk and energy efficiency for households as potential socially vulnerable consumers. The research methodology is based on three approaches to determining the energy poverty of the population, as well as the integral index of energy supply to socially vulnerable segments of the population. Based on the results of the three approaches to assessing the level of energy supply to the population of EECCA countries, it has been revealed that its critical indicators are found in Armenia, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Ukraine. The multivariate analysis of variance has revealed that, in all EECCA countries, both financial risk and energy efficiency levels have a significant impact. In Azerbaijan, Kazakhstan, and Russia, financial risk has the greatest impact on the level of energy supply to socially vulnerable segments of the population, while in other EECCA countries the energy efficiency factor has the strongest impact. In a number of EECCA countries, households have poor energy supply and require efficient and reliable operation, the introduction of energy-efficient technologies for home maintenance, and the improvement of related programs. The novelty of this study lies in the proposed methodological approach to assessing the supply of energy resources to socially unprotected segments of the population, which makes it possible to determine the impact of financial risk and energy efficiency in EECCA countries.

Suggested Citation

  • Elena Smirnova & Katarzyna Szczepańska-Woszczyna & Saltanat Yessetova & Vadim Samusenkov & Rodion Rogulin, 2021. "Supplying Energy to Vulnerable Segments of the Population: Macro-Financial Risks and Public Welfare," Energies, MDPI, vol. 14(7), pages 1-18, March.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:7:p:1834-:d:524045
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    References listed on IDEAS

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    2. Aleksy Kwilinski & Nataliya Dalevska & Vyacheslav V. Dementyev, 2022. "Metatheoretical Issues of the Evolution of the International Political Economy," JRFM, MDPI, vol. 15(3), pages 1-14, March.
    3. Bilal Khalid & Mariusz Urbański & Monika Kowalska-Sudyka & Elżbieta Wysłocka & Barbara Piontek, 2021. "Evaluating Consumers’ Adoption of Renewable Energy," Energies, MDPI, vol. 14(21), pages 1-15, November.

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