Comparison between the EU's 2020 energy efficiency targets and the forecasted energy savings clearly indicates a gap for expected energy savings in 2020. One of the reasons lies in the lack of specific policies for low-income households, which represent about 40 % of Mediterranean households and are considered as far to reach through traditional public policies. Due to their complexity, low-income households require innovative financial approaches for implementation of energy efficiency measures. Smart metering has been identified as one of the climate change adaptation technologies which can be used to encourage people in low-income households to become more aware of their energy consumption and stimulate them to change their energy-related behavior. Activities presented in this paper have been evaluated within the EU-funded project ELIH-Med with the objective to identify innovative energy efficiency measures and financial instruments for low-income households in the Mediterranean area. Also, this paper evaluates the impact of customized and adaptive consumption feedback on energy behavior patterns and energy savings in low-income households. Energy and cost saving prediction and verification flowchart are outlined to yield different combinations of suggested smart metering services, which would enable the minimization of households' environmental impacts.
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