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Application of economic principles in energy conservation measures

Abstract

The point of departure for the selection of any energy-conserving policy is the availability of (at least) two practical options or alternatives for policy maker at enterprise level. In real life, in the same point of time, or in the same geographical location, there could be several energy conservation options for the same industrial process. One need only set up a pairwise comparison of two options at a time and answer the question: which option is the most desirable from the energy conservation standpoint. Which option is the most desirable from the purchaser's point of view. If one takes both these factors into account, which option is socially the most desirable. We have explained two economic techniques (Life Cycle Cost (LCC), Market Acceptance) and their integration to compare two systems at a time. To begin with, a policy maker at enterprise level can carry out LCC. As technology progresses over time, Market Acceptance estimation may be warranted. Finally, Cost-Benefit Analysis may be applied to overall evaluation of competing projects which have involvement of large social groups, and wider foreign exchange implications.
Authors:
Publication Date:
Jan 01, 1976
Product Type:
Technical Report
Report Number:
NP-6901113
Reference Number:
EDB-86-078508
Resource Relation:
Other Information: Portions of this document are illegible in microfiche products. Discussion paper No. 05.84
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; ENERGY CONSERVATION; ECONOMIC ANALYSIS; ATTITUDES; COST BENEFIT ANALYSIS; ENERGY POLICY; LIFE-CYCLE COST; MARKET; COST; ECONOMICS; GOVERNMENT POLICIES; 291000* - Energy Planning & Policy- Conservation
OSTI ID:
7806665
Research Organizations:
Tata Energy Research Inst., New Delhi (India)
Country of Origin:
India
Language:
English
Other Identifying Numbers:
Other: ON: DE86901113
Availability:
NTIS (US Sales Only), PC A03/MF A01; 1.
Submitting Site:
TIC
Size:
Pages: 31
Announcement Date:
May 01, 1986

Citation Formats

Bhattacharyya, A. Application of economic principles in energy conservation measures. India: N. p., 1976. Web.
Bhattacharyya, A. Application of economic principles in energy conservation measures. India.
Bhattacharyya, A. 1976. "Application of economic principles in energy conservation measures." India.
@misc{etde_7806665,
title = {Application of economic principles in energy conservation measures}
author = {Bhattacharyya, A}
abstractNote = {The point of departure for the selection of any energy-conserving policy is the availability of (at least) two practical options or alternatives for policy maker at enterprise level. In real life, in the same point of time, or in the same geographical location, there could be several energy conservation options for the same industrial process. One need only set up a pairwise comparison of two options at a time and answer the question: which option is the most desirable from the energy conservation standpoint. Which option is the most desirable from the purchaser's point of view. If one takes both these factors into account, which option is socially the most desirable. We have explained two economic techniques (Life Cycle Cost (LCC), Market Acceptance) and their integration to compare two systems at a time. To begin with, a policy maker at enterprise level can carry out LCC. As technology progresses over time, Market Acceptance estimation may be warranted. Finally, Cost-Benefit Analysis may be applied to overall evaluation of competing projects which have involvement of large social groups, and wider foreign exchange implications.}
place = {India}
year = {1976}
month = {Jan}
}