PERFORMANCE CONTRACTS AND THEIR POSSIBLE USE IN THE PROCESS OF MODERNIZING AND IMPROVING THE ENERGY EFFICIENCY OF INDUSTRIAL ENTERPRISES
Author(s): Izmailov Maxim Kirillovich
Release: 2020-2 (33)
Keywords: performance contracts, energy efficiency, energy management, energy service, ESCO, energy consulting, engineering companies
Annotation: The relevance of this research topic lies in the fact that the economic stimulation of energy saving requires the least capital investment among other possible means of improving financial performance of industrial enterprises and therefore relates to the priority, and the resulting energy saving measures energy savings provides industrial companies the opportunity to consistently reduce the cost of their purchase and enhance the quality of their use. One of the promising directions of economic incentives for energy saving of industrial enterprises is the introduction of the mechanism of «energy performance contracting». The purpose of the article is to study the possibilities of using various forms of performance contracts in the process of modernization and energy efficiency of industrial enterprises. As a result of the study, the main types of performance contracts used in world practice were summarized, and a summary table was compiled that reflects the distribution of risks between a specialized ESCO and a customer of energy services. The final part of the article contains some recommendations aimed at developing performance contracting in the Russian energy saving market.
Bibliography: Izmailov MA.KI. PERFORMANCE CONTRACTS AND THEIR POSSIBLE USE IN THE PROCESS OF MODERNIZING AND IMPROVING THE ENERGY EFFICIENCY OF INDUSTRIAL ENTERPRISES // Economics and Management. – 2020. – № 2 (33). – С. 79-84. doi: 10.21777/2587-554X-2020-2-79-84