Open Access

ARTICLE

Energy Services: A Proposed Framework to Improve Results

by Tatiana Eutukhova, Oleksandr Kovalko, Oleksandr Novoseltsev, Eric Woodroof

1 Interregional Academy of Personnel Management, Kyiv, 02000, Ukraine
2 Naftogaz of Ukraine, Kyiv, 01601, Ukraine
3 Institute of Engineering Thermophysics, Kyiv, 03057, Ukraine
4 Profitable Green Solutions, Somerset, 42501, USA

* Corresponding Author: Oleksandr Novoseltsev. Email:

Energy Engineering 2020, 117(3), 99-110. https://doi.org/10.32604/EE.2020.010864

Received 02 April 2020; Accepted 15 June 2020; Issue published 10 July 2020

Abstract

Energy services markets are actively developing around the world, but their growth rates need to be accelerated in order to help the world meet energy policy goals. One barrier to energy services markets is confusion created from different terminology used in different parts of the world. In this context, various definitions of the term “energy services” have been analyzed in this paper and it has been recommended to distinguish between “energy services” and “energy-related services”. The structural and functional features of the energy services market conceptual design and its implementation models, as well as the use of energy service companies (ESCOs) concept has been also investigated. We hope that this standardization will clarify business activity as well as improve the ability for investors and stakeholders to further expand the market.

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