Introducing energy efficiency principles to save Russian companies USD 100 bn per year
The World Bank has estimated the economic effect for the Russian industry, energy, and transport sectors from the introduction of energy efficiency principles at USD 100 billion. The international financial organization’s calculations confirm the forecasts of the Russian Ministry of Energy set forth in the draft Energy Strategy. The document states that reducing the energy intensity of GDP by 1.3-1.5 times would correspond to saving 315–580 million tonnes of standard fuel per year.
The Russian Ministry of Energy estimated that the sectors of the Russian economy with the greatest potential for energy efficiency include the housing and utilities, budget, and services sector (22%), the fuel and energy sector (40%), transport (18%), and industry (12%). For example, energy can account for up to 60% of metals costs and up to 40% in the extraction of oil from wells.
The Russian Ministry of Energy jointly with the Federal State Statistics Service has also developed a system of objective key energy efficiency indicators (24 indicators), which would make it possible to formulate plans for the development of industries taking into account the requirements for reducing energy intensity.
Russian companies have already estimated the economic efficiency from the introduction of energy efficiency. For example, Inter RAO generated a return of RUB 400 million in 2016 from reducing conventional fuel consumption. The country’s entire power generation industry would save up to 60 million tonnes of conventional fuel from the widespread use of energy-saving technologies. In monetary terms, this figure is comparable to the annual budget of Ekaterinburg.
Energy efficiency and energy conservation will be covered by a separate pillar of events during Russian Energy Week. Such events include a meeting of the government commission on issues concerning the fuel and energy industry and improvements in the energy efficiency of the economy, a national meeting on the promotion of an energy saving lifestyle and the information transparency of the fuel and energy industry, and a presentation of the energy efficiency rating of grid companies. A discussion on energy efficiency is planned as part of the session “New and improved lighting: better investment in quality of life in Russia’s cities”.
Moscow, 19 October. – The theme of developing energy efficiency and energy conservation, which was actively discussed during REW 2017, was one of the key issues on the agenda of a Russian Government meeting chaired by Russian Prime Minister Dmitry Medvedev.
A Youth Day at the REW will be organised on October 7 as part of the International Russian Energy Week forum. Over 4,000 young experts, university and school students will meet 500 senior managers and representatives from respective industries to discuss the present and the future of the fuel and energy sector.
The All-Russia Forum on Promoting an Energy-Saving Lifestyle and Information Transparency in the Fuel and Energy Sector has been held as part of Russian Energy Week.