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Criteria for Evaluation of Efficiency of Energy Transformation Based on Renewable Energy Sources

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  • Vitalii Nitsenko
  • Abbas Mardani
  • Justas Streimikis
  • Iryna Shkrabak
  • Ivan Klopov
  • Oleh Novomlynets
  • Olha Podolska

Abstract

In the context of shortage of natural resources in Ukraine, the problem of evaluating efficiency of the implementation of renewable energy sources (RES) becomes of particular importance and comes in first place, since its solution will reduce the energy dependence of the state. Theoretical, methodological and practical issues of diversification of energy sources and evaluation of their effectiveness have found their development in modern works of domestic and foreign scientists. However, methods proposed by the scientists for evaluating efficiency of the transformation of energy consumption based on RES are purely theoretical and do not fully allow to determine the current state and directions of diversification of energy sources. The research is aimed at improving methodological support and developing criteria for evaluating the efficiency of energy consumption transformation based on RES. The article considers the main methods of evaluating efficiency of involving RES in the energy consumption of the state, region and enterprise. Advantages, drawbacks and perspectives of diversifying energy sources based on RES are shown. The system of criteria for evaluating effectiveness of energy consumption transformation based on RES is proposed. It is based on economic, environmental and social efficiency.

Suggested Citation

  • Vitalii Nitsenko & Abbas Mardani & Justas Streimikis & Iryna Shkrabak & Ivan Klopov & Oleh Novomlynets & Olha Podolska, 2018. "Criteria for Evaluation of Efficiency of Energy Transformation Based on Renewable Energy Sources," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 14(4), pages 237-247.
    • Handle: RePEc:mje:mjejnl:v:14:y:2018:i:4:p:237-247
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    References listed on IDEAS

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    5. Man Zhou & Uliana Pysmenna & Oleksandra Kubatko & Volodymyr Voloshchuk & Iryna Sotnyk & Galyna Trypolska, 2023. "Support for Household Prosumers in the Early Stages of Power Market Decentralization in Ukraine," Energies, MDPI, vol. 16(17), pages 1-15, September.

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