Supplying Energy to Vulnerable Segments of the Population: Macro-Financial Risks and Public Welfare

Elena Smirnova (), Katarzyna Szczepańska-Woszczyna, Saltanat Yessetova, Vadim Samusenkov and Rodion Rogulin
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Katarzyna Szczepańska-Woszczyna: Department of Management, Faculty of Applied Sciences, WSB University, 41-300 Dabrowa Górnicza, Poland
Saltanat Yessetova: Center for Social and Business Studies, University of International Business, Almaty 050000, Kazakhstan
Vadim Samusenkov: Department of Prosthetic Dentistry, I.M. Sechenov First Moscow State Medical University (Sechenov University), 119991 Moscow, Russia
Rodion Rogulin: Department of Applied Mathematics, Mechanics, Controlling and Software, Far Eastern Federal University, 690089 Vladivostok, Russia

Energies, 2021, vol. 14, issue 7, 1-18

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.

Keywords: analysis of variance; energy efficiency; energy poverty; energy supply; financial risk; household; tax (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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