Abstract
Methodological and practical aspects of the trend of the change of the Azerbaijan’s energy sector functioning stability in 2012-2018, based on the methodology presented by the World Energy Congress (WEC), are analyzed and considered in the paper. The basis of the methodology for the assessment of power engineering stability is the use of an energy triangle, where the vertices are energy security, environmental sustainability and energy availability, where a set of indicators with their own weighting coefficients is used to evaluate each of the subsystems. The number of indicators, and, of course, the weighting coefficients are adjusted in time in order to fully take into account all the features of the power engineering. Recalculated The values of the Azerbaijan’s energy sector functioning stability during the period under review, taking into account all available indicators, some of which were not taken into account in the calculation of the WEC for the assessment of the individual subsystems, have been recalculated, due to this fact the Azerbaijan’s place in the ranking of countries has moved a few positions higher.
Highlights
The trends in the change of the Azerbaijan’s energy sector stability index, determined by the methodology of the World Energy Congress, is considered in the paper
One of the tools for assessing the level of energy sustainability is the application of the methodology for determination of the Energy Sustainability Index (ESI) developed by the World Energy Congress [1,2,3,4,5,6,7,8]
Such values of Azerbaijan's energy sector stability components are mainly related to the fact that not all indicators are used in the calculations to assess the energy components
Summary
The trends in the change of the Azerbaijan’s energy sector stability index, determined by the methodology of the World Energy Congress, is considered in the paper. One of the tools for assessing the level of energy sustainability is the application of the methodology for determination of the Energy Sustainability Index (ESI) developed by the World Energy Congress [1,2,3,4,5,6,7,8]. The ESI is a global initiative to create a system of indicators that characterize the energy industry, by means of which the components of a country's energy sector are assessed and the energy sustainability of various countries around the world are compared
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