Measuring national energy performance via Energy Trilemma Index: A Stochastic Multicriteria Acceptability Analysis

The World Energy Council annually releases the Energy Trilemma Index to measure the country-level energy performance. However, the preferences among the trilemma can change from country to country, which always is an undetermined issue and full of controversy. This paper comprehensively considers al...

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Bibliographic Details
Published in:Energy economics 2017-08, Vol.66, p.313-319
Main Authors: Song, Lianlian, Fu, Yelin, Zhou, Peng, Lai, Kin Keung
Format: Article
Language:English
Subjects:
Acceptability
Decision analysis
Decision making
Elicitation
Energy
Energy economics
Energy industry
Energy measurement
Energy performance
Formulations
Production methods
Rank
Stochastic models
Stochastic Multicriteria Acceptability Analysis
Stochasticity
Studies
Values
Weighting
Wisdom
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Summary:The World Energy Council annually releases the Energy Trilemma Index to measure the country-level energy performance. However, the preferences among the trilemma can change from country to country, which always is an undetermined issue and full of controversy. This paper comprehensively considers all possible preferences, and formulates interval evaluation results under certain preference. Such formulations are motivated by the observations that it is difficult to reach a consensus about the weights associated with the trilemma, since different weight elicitation methods inevitably produce different weighting schemes. Therefore, we propose an interval decision making problem and apply a Stochastic Multicriteria Acceptability Analysis to present a holistic measurements of the country-specific energy performance. This differs from the conventional wisdom that assigns exact values to corresponding weights, but explores the weight space to make each country the most preferred one. Our analysis is demonstrated by measuring the energy performance of top 10 countries based on 2015 Energy Trilemma Index. •We employ the preferences among energy trilemma as the input to measure national energy performance.•We formulate an interval decision matrix to support the measurement.•We apply Stochastic Multicriteria Acceptability Analysis to determine the holistic acceptability indices.•We compare the ranks derived from holistic acceptability indices and Energy Trilemma Index.
ISSN:0140-9883
1873-6181
DOI:10.1016/j.eneco.2017.07.004