Incentive strategy for energy efficiency programs in industries consuming 6000 TOE/year with sustainable energy performance

Martoyoedo, Satryo and Priyadi, Priyadi and Fajrie, Dewanto and Ariati, Ratna and Yandri, Erkata and Hendroko Setyobudi, Roy and Suherman, Suherman and Burlakovs, Juris and Mel, Maizirwan and Krido Wahono, Satriyo and Heri Purnomo, Agus and Fauzi, Ahmad and Tonda, Rusli and Iswahyudi, Iswahyudi (2023) Incentive strategy for energy efficiency programs in industries consuming 6000 TOE/year with sustainable energy performance. In: 3rd International Conference on Natural Resources and Life Sciences, NRLS 2020, 23rd - 24th September 2020, Virtual, Online.

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Abstract

This study aims to obtain the incentives strategy that can increase the participation of energy users greater than or equal to 6000-TOE in fulfilling their obligations on energy conservation through energy management with Sustainable Energy Performance (SEP). Several steps need to be carried out. First, data collection on industries that must carry out energy management, and will be analyzed to determine the level of compliance of energy users. Second, ensure that already have carried out an energy�saving program with the SEP. Third, formulating incentive schemes for energy users. Fourth, the interest deduction for the company when they implement the SEP. The results show that only 10.25 % fully comply with the regulation, 36.89 % are partially compliant and 52.87 % are not compliant with energy management activities at all. For industries that have implemented energy conservation and SEP, several benefits are obtained, including capital expenditure (capex) savings when purchasing new imported equipment for creating another energy efficiency, by up to 30 % and incentives in the form of lowering interest rates by up to 4 %.

Item Type:	Proceeding Paper (Invited Papers)
Uncontrolled Keywords:	Carbon emission reduction, energy conservation, interest reduction, ratio interest to saving, saving capex
Subjects:	T Technology > TP Chemical technology > TP155 Chemical engineering
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Engineering > Department of Biotechnology Engineering Kulliyyah of Engineering
Depositing User:	Dr Maizirwan Mel
Date Deposited:	13 Dec 2023 12:00
Last Modified:	13 Dec 2023 12:02
URI:	http://irep.iium.edu.my/id/eprint/108702

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