Comparative analysis of trend of change of Azerbaijan’s energy sector functioning stability at the current development stage

Azerbaijan Scientific – Research and Design–Prospecting Institute of Energetics, 94, Zardabi Str., Baku, Azerbaijan

Abstract

Methodological and practical aspects of the trend of the change of the Azerbaijan’s energy sector functioning stability in 2012-2018, based on the methodology presented by the World Energy Congress (WEC), are analyzed and considered in the paper. The basis of the methodology for the assessment of power engineering stability is the use of an energy triangle, where the vertices are energy security, environmental sustainability and energy availability, where a set of indicators with their own weighting coefficients is used to evaluate each of the subsystems. The number of indicators, and, of course, the weighting coefficients are adjusted in time in order to fully take into account all the features of the power engineering. Recalculated The values of the Azerbaijan’s energy sector functioning stability during the period under review, taking into account all available indicators, some of which were not taken into account in the calculation of the WEC for the assessment of the individual subsystems, have been recalculated, due to this fact the Azerbaijan’s place in the ranking of countries has moved a few positions higher.