ENERGY SERVICE CONTRACT AS A FORM OF PUBLIC-PRIVATE PARTNERSHIP DEVELOPMENT
Journal Title: ЕКОНОМІЧНИЙ ДИСКУРС - Year 2016, Vol 2, Issue 2
Abstract
Introduction. Nowadays financial instability and a lack of advanced energy efficient technologies and solutions in the energy infrastructure do not meet the needs of the modern society. Moreover, it prevents the implementation of sustainable energy and socio-economic development projects. Among the other problems of energy development there is an issue of building an effective and efficient energy infrastructure through the development of different public-private partnership forms and models as well as ensuring the implementation of measures to improve energy efficiency. Methods. Systematic approach was used to implement the study objectives (at disclosure of subject structure, principles and tools of public-private partnership). Results. The objective of the article is to consider the issue of using the public-private partnership in the field of energy efficiency according to the energy service contract concluded. The review of existing energy service contracts that can be utilized to implement energy efficiency projects is presented. It is also determined that the energy service contract institution should be considered as a form of public-private partnership based on the interaction of public and private partners. The article substantiates that energy service contracts empower to reach a new level of energy savings. It is proved that a significant result of the energy efficiency objectives implementation can be achieved under the condition of development public-private partnership different forms and models. One of the most effective tools of the public-private partnership is the implementation of cooperation model in the form of leasing, that is grounded on the extrabudgetary funding mechanism and can be implemented without the formation of a special system of institutions and organizational structures. Discussion. It is determined that the advantage of the model form of leasing is shifting the financial burden of the energy efficiency projects implementation with the energy service contract to the leasing company, which has great potential in terms of attracting financial resources, that in turn expands the possibilities for energy efficiency projects financing.
Authors and Affiliations
Inna Samoylenko
Keywords
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