Publication:
Methodology for estimation of the annual electricity consumption of a typical bank with multiple branches

Simple item page
dc.contributor.authorYURTSEVER, ÖZLEM
dc.contributor.authorsYurtsever, Ozlem; Firat, Seniye Umit
dc.date.accessioned2022-03-14T09:52:48Z
dc.date.available2022-03-14T09:52:48Z
dc.date.issued2021-08
dc.description.abstractIn the digital age, banks adopt energy-efficient, sustainable, and environmentally friendly methods. Such organizations with hundreds of branches and thousands of employees not only provide considerable energy efficiency opportunities but also offer significant possibilities with climate change-related investments. In order to manage, control, and mitigate electricity consumption, in-depth knowledge is required, since the banking operations heavily depend on electricity. It is a challenging but necessary step to calculate the electricity consumption of a sizeable banking organization consisting of different units, varying dimensions, and characteristics. The aim of this study is to develop a model for estimating the electricity consumption of the banks based on a few main research questions. A novel model is proposed to calculate the annual electricity consumption of banking organizations to contribute to the sustainability literature and best practice area on efficient use of natural resources. The model was developed using the field data from a major Turkish bank. In the model, nominal bank electricity consumption is proposed from a base month concept, representing the month with no heating and cooling. The breakdown of electricity consumption sources can easily be monitored for energy management by using the model. For the validation of the model, the total electricity consumption of five Turkish banks is calculated. The model results are in good agreement with the respective sustainability reports within 12% certainty. The validity and accuracy of the model are also tested for a Spanish bank that operates in ten countries and is one of the few bank conglomerates with an annual electricity consumption figure given in sustainability reports. The annual electricity consumption was estimated within 6.6% certainty. Thus, the annual electricity consumption of a bank can be estimated within an acceptable range using the number of branches, employees, and ATMs, supported by some reasonable assumptions.
dc.identifier.doi10.1007/s12053-021-09981-w
dc.identifier.eissn1570-6478
dc.identifier.issn1570-646X
dc.identifier.urihttps://hdl.handle.net/11424/243504
dc.identifier.wosWOS:000682516200001
dc.language.isoeng
dc.publisherSPRINGER
dc.relation.ispartofENERGY EFFICIENCY
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectEnergy management in banking sector
dc.subjectElectricity consumption model
dc.subjectNominal bank electricity consumption
dc.subjectSustainability
dc.subjectCarbon footprint
dc.titleMethodology for estimation of the annual electricity consumption of a typical bank with multiple branches
dc.typearticle
dspace.entity.typePublication
local.avesis.ida2a0bd58-8687-4f32-9a05-b926292ca4ce
local.import.packageSS16
local.indexed.atWOS
local.indexed.atSCOPUS
local.journal.articlenumber61
local.journal.numberofpages20
oaire.citation.issue6
oaire.citation.titleENERGY EFFICIENCY
oaire.citation.volume14
relation.isAuthorOfPublication485a120d-3c6e-41fa-bddb-92d875f31e59
relation.isAuthorOfPublication.latestForDiscovery485a120d-3c6e-41fa-bddb-92d875f31e59

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Yurtsever and Fırat - 2021 - Methodology for estimation of the annual electrici.pdf
Size:
419.17 KB
Format:
Adobe Portable Document Format
Download

Collections

Research Outputs