{"title":"Risk assessment of energy performance contracting in Türkiye utilizing best–worst method","authors":"Ecem Öncü, Sermin Onaygil, Rabia Cin","doi":"10.1007/s12053-024-10256-3","DOIUrl":null,"url":null,"abstract":"<div><p>Energy Service Companies (ESCO) provide various services to their customers through Energy Performance Contracts (EPCs), including technical support, financial assistance, installation, maintenance, and insurance services. However, emerging risks during this extended process can lead to uncertainties for energy efficiency implementations, ESCOs, and their clients. Understanding of uncertain factors of such energy efficiency applications is therefore crucial. This study aims to evaluate the risks that emerge in the stages of EPC implementations in Türkiye. An expert survey was conducted to assess these risks, with participants consisting of energy managers, representatives from Turkish ESCOs, experts from the financial sector, academics, and decision-makers. Based on the survey responses, the Best–Worst Method (BWM), a multi-criteria decision-making approach, was employed to evaluate the risks in EPCs. Binary comparison vectors, indicating the relative importance of evaluated risk factors, were formulated using the BWM, enabling the calculation of risk weights and the analysis of response consistency. It is revealed that “Financial and Market Risks” is the most important, and “Technological Risks” is the least important risk criterion for EPCs in Türkiye. In the end, policy recommendations were developed to improve EPC applications in Türkiye.</p></div>","PeriodicalId":537,"journal":{"name":"Energy Efficiency","volume":"17 7","pages":""},"PeriodicalIF":3.2000,"publicationDate":"2024-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Efficiency","FirstCategoryId":"5","ListUrlMain":"https://link.springer.com/article/10.1007/s12053-024-10256-3","RegionNum":4,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
引用次数: 0
Abstract
Energy Service Companies (ESCO) provide various services to their customers through Energy Performance Contracts (EPCs), including technical support, financial assistance, installation, maintenance, and insurance services. However, emerging risks during this extended process can lead to uncertainties for energy efficiency implementations, ESCOs, and their clients. Understanding of uncertain factors of such energy efficiency applications is therefore crucial. This study aims to evaluate the risks that emerge in the stages of EPC implementations in Türkiye. An expert survey was conducted to assess these risks, with participants consisting of energy managers, representatives from Turkish ESCOs, experts from the financial sector, academics, and decision-makers. Based on the survey responses, the Best–Worst Method (BWM), a multi-criteria decision-making approach, was employed to evaluate the risks in EPCs. Binary comparison vectors, indicating the relative importance of evaluated risk factors, were formulated using the BWM, enabling the calculation of risk weights and the analysis of response consistency. It is revealed that “Financial and Market Risks” is the most important, and “Technological Risks” is the least important risk criterion for EPCs in Türkiye. In the end, policy recommendations were developed to improve EPC applications in Türkiye.
期刊介绍:
The journal Energy Efficiency covers wide-ranging aspects of energy efficiency in the residential, tertiary, industrial and transport sectors. Coverage includes a number of different topics and disciplines including energy efficiency policies at local, regional, national and international levels; long term impact of energy efficiency; technologies to improve energy efficiency; consumer behavior and the dynamics of consumption; socio-economic impacts of energy efficiency measures; energy efficiency as a virtual utility; transportation issues; building issues; energy management systems and energy services; energy planning and risk assessment; energy efficiency in developing countries and economies in transition; non-energy benefits of energy efficiency and opportunities for policy integration; energy education and training, and emerging technologies. See Aims and Scope for more details.