Abstract
The purpose of the study is to assess the level of energy supply to the population of the Eastern Europe, Caucasus, and Central Asian (EECCA) countries, taking into account their financial risk and energy efficiency for households as potential socially vulnerable consumers. The research methodology is based on three approaches to determining the energy poverty of the population, as well as the integral index of energy supply to socially vulnerable segments of the population. Based on the results of the three approaches to assessing the level of energy supply to the population of EECCA countries, it has been revealed that its critical indicators are found in Armenia, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan, and Ukraine. The multivariate analysis of variance has revealed that, in all EECCA countries, both financial risk and energy efficiency levels have a significant impact. In Azerbaijan, Kazakhstan, and Russia, financial risk has the greatest impact on the level of energy supply to socially vulnerable segments of the population, while in other EECCA countries the energy efficiency factor has the strongest impact. In a number of EECCA countries, households have poor energy supply and require efficient and reliable operation, the introduction of energy-efficient technologies for home maintenance, and the improvement of related programs. The novelty of this study lies in the proposed methodological approach to assessing the supply of energy resources to socially unprotected segments of the population, which makes it possible to determine the impact of financial risk and energy efficiency in EECCA countries.
Highlights
One of the essential prerequisites for achieving the successful socio-economic development of countries and regions lies in creating a comprehensive and effective management system with efficient mechanisms for resource redistribution between different strata of the population
The concept of energy security in terms of the availability of energy resources for household consumption is of high relevance, and this served as the motivation for conducting the study
The results indicate that in most countries the financial risk index is higher than the energy efficiency index despite the fact that almost all countries under study are close to the energy poverty zone
Summary
One of the essential prerequisites for achieving the successful socio-economic development of countries and regions lies in creating a comprehensive and effective management system with efficient mechanisms for resource redistribution between different strata of the population. This research aims to determine the system of factors affecting public welfare in the context of the energy supply of the population being able to transform into a threat to the economic security of countries and regions In this regard, there is a need for the development of the methodology aimed at assessing the level of energy poverty and identifying the factors of its formation, as well as determining the integral index of energy supply to socially vulnerable segments of the population. There is a need for the development of the methodology aimed at assessing the level of energy poverty and identifying the factors of its formation, as well as determining the integral index of energy supply to socially vulnerable segments of the population This remains an urgent task today, the resolution of which is expected to replenish the methodological tools for developing a mechanism ensuring the effectiveness of the social economy
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