Economic Efficiency of the Implementation of Digital Technologies in Energy Power

Victoria Galkovskaya () and Mariia Volos
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Victoria Galkovskaya: Department of Economics, National Research Nuclear University, 249040 Obninsk, Russia
Mariia Volos: NPP Operation Organization Department, Rosatom Technical Academy, 249031 Obninsk, Russia

Sustainability, 2022, vol. 14, issue 22, 1-17

Abstract: The present research prioritized the most important direction of energy power transformation—energy sector digitalization—and its contribution to the achievement of the sustainable development goals focused on climate change mitigation and responsible consumption and production. The authors evaluated the economic efficiency of the implementation of digital tools due to the decrease in energy production costs. The evaluation was performed using the energy cost calculation method before and after the implementation of digital technology, and the digital technology cost calculation method based on the technology readiness level, introduced for the first time. The study demonstrates the advantages of energy power digitalization worldwide, including the achievement of the declared goals of sustainable development and the transition to low-carbon energy. The scientific results obtained are valuable for scholars who carry out research in the area of the efficiency of economic digitalization, since they hold for all countries and types of energy generation. The directions of further research include the development of an analytical notation to show that the digital technology cost also depends on the speed and volume of its distribution, as well as the level of technological development of material and technical resources in the industry and in the country, and also the labor and capital availability.

Keywords: sustainable development goals; power industry digitalization; digital technologies; economic efficiency of digitalization; energy cost calculation; digital technology cost calculation method (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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