Analysis of factors affecting energy efficiency of the region: managerial aspect

Abstract

Purpose. To justify factors affecting energy efficiency of regional economy. Methods. The study systematizes the existing scientific approaches to factors and specifics of their impact on energy efficiency of the region. The most important factors are identified and the nature of their impact on the cost effectiveness of energy resources is revealed. Results. The article deals with the classification of energy efficiency factors of the Russian Federation and foreign economies. Based on the analysis the most important characteristics affecting energy efficiency of the region are selected. The conclusion is drawn about the need to add innovation and foreign trade components to the existing conditions. 11 factors are identified: technological, economic, political, social, environmental, natural-climatic and structural factors, factor of living standards, factor of future generations’ interests, foreign trade and innovation factors which are proposed to assess energy efficiency of the region. All factors are classified according to the level of their impact on energy efficiency of the economy of the region: internal and external. Further, internal conditions are subdivided into providing and effective ones. The providing internal factors are the characteristics affecting the level of energy efficiency and the volume of energy consumption. Their influence can be assessed both before and after the process of production and consumption of energy resources. The effective factors are the conditions the impact of which can be assessed only after the process of production and consumption of energy resources. Scientific novelty. The system of factors affecting energy efficiency of regional economy is justified. The existing classification is completed with the division into providing and effective factors.