Research on the synergy incentive evolution among the EPC subjects of energy efficiency retrofitting of existing buildings from the perspective of fairness cognition

Energy saving and emission reduction of fossil energy based on low carbon economy and its consumption structure optimization

Yanping Yang, Bojun Wang and Xiaodan Liu

International Journal of Low-Carbon Technologies, 2021, vol. 16, issue 1, 189-198

Abstract: In the energy performance contracting (EPC) mode, the energy services company (ESCO) involved in energy efficiency retrofitting of existing buildings often faces the parallel construction of multiple tender segments and multi-professional subcontractors. The one-to-many structure for ESCO and subcontractors causes difficulties to the project quality management and directly affects the effect of energy efficiency retrofitting of existing buildings. Therefore, this paper constructs a revenue-sharing incentive model by considering situation where subjects have fairness cognition. Through the social calculation experiment of the model, results show the following: (1) increasing the revenue-sharing coefficient will help to optimize the engineering quality of energy efficiency retrofitting and increase the energy-saving income; (2) in order to get better incentive effect, the engineering quality grade of energy efficiency retrofitting should match with the incentive strength; (3) because of the impact of fairness cognition, the incentive level difference is too large, and the incentive effect will gradually weaken in the subsequent incentive cycle; (4) subcontractor’s effort level changes can prompt ESCO to adjust the corresponding incentive intensity. Finally, some suggestions are put forward to optimize the engineering quality management of energy efficiency retrofitting of existing building, which is of great significance to improve the effect of energy efficiency retrofitting of existing building under EPC mode.

Keywords: energy efficiency retrofitting; EPC subjects; synergy incentive; fairness cognition (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ijlctc:v:16:y:2021:i:1:p:189-198.

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