A model for the competitive benchmarking of energy costs
| dc.contributor.author | Arocena Garro, Pablo | |
| dc.contributor.author | Gómez Gómez-Plana, Antonio | |
| dc.contributor.author | Peña Vidondo, Sofía | |
| dc.contributor.department | Institute for Advanced Research in Business and Economics - INARBE | en |
| dc.contributor.department | Gestión de Empresas | es_ES |
| dc.contributor.department | Enpresen Kudeaketa | en |
| dc.contributor.funder | Universidad Pública de Navarra / Nafaroako Unibertsitate Publikoa | es |
| dc.date.accessioned | 2024-07-03T08:57:02Z | |
| dc.date.available | 2024-07-03T08:57:02Z | |
| dc.date.issued | 2024 | |
| dc.date.updated | 2024-07-03T08:51:40Z | |
| dc.description.abstract | Benchmarking is an essential tool for quantifying how a company's energy costs compare with those of competitors and understanding the sources of cost differences, with the ultimate goal of identifying strengths and opportunities for improving performance. The increasing relevance of energy as a factor in competitiveness has heightened interest in managing energy costs. This paper develops an analytical framework for benchmarking the energy cost variance across firms. In this framework, a cost frontier approach allows the decomposition of the observed energy cost gap between two firms, that is, the difference between the unit energy cost of a benchmark producer and the unit energy cost of a target firm. The unit energy cost gap is decomposed into six constituents: (i) energy prices; (ii) non-energy prices; (iii) energy efficiency; (iv) capital intensity; (v) outsourcing level; and (vi) production scale. We illustrate the implementation and usefulness of the proposed model via an empirical application of energy cost benchmarking on a sample of paper manufacturers. | en |
| dc.description.sponsorship | The authors acknowledge financial support from the Spanish Ministry of Science and Innovation, Grant PID2020-114460GB-C32 funded by MCIN/AEI/ 10.13039/501100011033. Open access funding provided by Universidad Pública de Navarra. | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.citation | Arocena, P., Gómez-Plana, A. G., Peña, S. (2024) A model for the competitive benchmarking of energy costs. Energy Economics, 131, 1-11. https://doi.org/10.1016/j.eneco.2024.107385. | |
| dc.identifier.doi | 10.1016/j.eneco.2024.107385 | |
| dc.identifier.issn | 0140-9883 | |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/50250 | |
| dc.language.iso | eng | |
| dc.publisher | Elsevier | |
| dc.relation.ispartof | Energy Economics 131 (2024) 107385 | |
| dc.relation.projectID | info:eu-repo/grantAgreement/AEI/Plan Estatal de Investigación Científica y Técnica y de Innovación 2017-2020/PID2020-114460GB-C32/ES/ | |
| dc.relation.publisherversion | https://doi.org/10.1016/j.eneco.2024.107385 | |
| dc.rights | © 2024 The Authors. This is an open access article under the CC BY-NC license. | |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc/4.0/ | |
| dc.subject | Benchmarking | en |
| dc.subject | Energy costs | en |
| dc.subject | Cost frontier | en |
| dc.subject | Index number decomposition | en |
| dc.title | A model for the competitive benchmarking of energy costs | en |
| dc.type | info:eu-repo/semantics/article | |
| dc.type.version | info:eu-repo/semantics/publishedVersion | |
| dspace.entity.type | Publication | |
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