UDC 338:620.9 (479.24)

Hajizadeh Elshan Makhmud oglu

Prof. Dr., Azerbaijan State University of Economics

Head of the Center for Energy Economics

Abstract

The article examines and analyzes the importance of benchmarking methodology and its application efficiencies in energy-efficient sectors and electroenergetics of different countries, including the national economy. The main focus here is on benchmarking and identification of benchmark indicators in large-scale production, based on their analysis, new pace of development is provided. Through benchmar king, the efficiency of financial and economic activities in these enterprises is determined more optimally and action strategies are established that create the basis for reforms and institutional changes that will bring greater success. In this regard, the importance and efficiency of the use of benchmarking in the energy-intensive areas of the national economy, especially in power plants, metallurgical enterprises and other fields of production and business is justified.

Keywords: benchmarking, industrial, fuel-energy, electrical engineering, efficiency.

JEL Classification Codes: D61, F61, F62, L5, L94.