Global determinants of the energy system

Abstract

The dynamics of changes in political, economic, social and technological aspects affect the formation of business models in all sectors of the economy and it was the PEST method that was used to describe the global determinants of energy system performance. Currently, these changes in the described sector are occurring in an exponential process. It is assumed that the business model is the result of a process that emerges from the environment evolution affecting the image of the sector. Therefore, the purpose of the article is to present the global determinants affecting the shape of the new business model presented on the basis of M. Porter’s value chain method. The essence of such an organized process is the creation of economic and social value. This is becoming the dominant approach in the creation of a new business model of the energy system around the world.

Keywords

• energy system
• global environment
• economic-social value
• m. porter’s value chain
• pest