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International Journal of Civil, Mechanical and Energy Science

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Energy Services Market: Conceptual Framework and Mechanism of Forming( Vol-6,Issue-6,November 2020 )

Author(s):

Deshko V. I., Kovalko O. M., Novoseltsev O. V., Yevtukhova M. Y.

Keywords:

energy services, market structure and mechanisms, set theory equations.

Abstract:

The energy services market is the youngest, compared to other types of energy markets, but also the most actively expanding worldwide in two priority areas: energy efficiency and renewable energy sources. At the same time, the incompleteness of the theoretical foundations substantially slows down its development. This paper provides an overview of the legal and regulatory frameworks associated with energy services market formation, brings together conceptual ideas and innovation studies from developed countries, and offers a theoretical foundations (model) of the energy services market formation based on the synergetic combination of energy systems requirements analysis and set theory. A new organizational structure of the energy services market clients’ interaction with energy-and-fuel markets, markets of energy efficiency and renewable energy technologies and markets of consumers, as well as a new organizational mechanism for supporting the effective functioning of the energy services market based on a system of corresponding equations are proposed. In general, the proposed framework allows the researchers and engineers to define in more depth and more clearly the system-coordinated pathways to improve the energy services market functioning.

Article Info:

Received: 12 Nov 2020; Received in revised form: 07 Dec 2020; Accepted: 18 Dec 2020; Available online: 31 Dec 2020

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