| Issue |
E3S Web Conf.
Volume 385, 2023
2023 8th International Symposium on Energy Science and Chemical Engineering (ISESCE 2023)
|
|
|---|---|---|
| Article Number | 02008 | |
| Number of page(s) | 6 | |
| Section | Green Chemical Technology and Energy Saving and Emission Reduction | |
| DOI | https://doi.org/10.1051/e3sconf/202338502008 | |
| Published online | 04 May 2023 | |
Contract decisions analysis of shared savings energy performance contracting based on Stackelberg game theory
School of Management, SHANGHAI University, Shanghai, 201800, China
* Corresponding author: zhangxun21720730@shu.edu.cn
Energy Performance Contracting is a contractual arrangement between energy users and Energy Service Companies (ESCOs) and is currently the main mechanism for implementing energy-saving retrofitting measures in existing buildings. The paper centers around the decision-making conundrum pertaining to the energy-saving sharing percentage and initial project investment within the realm of shared savings Energy Performance Contracting. By formulating a Stackelberg game-based decision-making game model, we examine the optimal contract decisions of both the energy user and the ESCO. The results of numerical experiments demonstrate that this method yields significant advantages for both energy users and ESCOs. Additionally, we observed that the employment of more sophisticated energy-saving technologies by the ESCO and a higher share of investment by the energy users result in superior energy-saving efficiency.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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