Analysis and projection of the energy efficiency program in Ecuador
Keywords:
Energy Efficiency, LEAP model, Energy forecast, Ecuadorian PEC Program, Energy Efficiency, LEAP model, Energy forecast, Ecuadorian PEC ProgramAbstract
In 2014, the Ecuadorian Government began the execution of the Energy Efficiency Program (PEC), which constitutes the substitution of 3 million LPG stoves for electric stoves, to reduce the LPG subsidies. In this context, LEAP model and economics estimations were developed, both the base year 2015, to the aim of analyzing the impacts of the PEC Program. The PEC program would imply energy saving of 29%, as well as, a reduction of 69% in GHG emissions by 2030 in the household sector. Also, the residential consumption curve would be stable during the model period, being the urban sector most benefited from these reductions. In addition, there would be a slight increase in GDP, linked to a creation of new direct and indirect jobs throughout of the production chain.