Do energy prices influence investment in energy efficiency? Evidence from energy star appliances

Jacobsen, Grant

doi:10.1016/j.jeem.2015.09.004

Cited by 53 publications

(37 citation statements)

References 44 publications

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“…In regression (14), we do not include a municipality specific time-trend as in regression (1) but we instead consider province specific fixed effects to consider different uptakes by province due, for example, to different supply side conditions. This change only marginally impacts our results 24 .…”

Section: Resultscontrasting

confidence: 46%

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PV adoption: the role of distribution tariffs under net metering

Gautier

Jacqmin

2019

J Regul Econ

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The deployment of decentralized productions units (DPU) like rooftop solar panels is a major challenge for a transition towards greener energy sources. Under a net metering system where the meter runs backward when there is excessive PV production, the electricity produced by a solar panel is valued at the retail price. Higher retail prices thus encourage the deployment of DPU. To identify this relationship, we use data from Wallonia where tariffs are paid on a mostly volumetric base and where there are 13 different tariff zones. Using various specifications, our results suggest that in a municipality where the distribution tariff is one eurocent per kWh higher, the investment in solar PV is, all else equal, around 8% higher.

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Section: Resultscontrasting

confidence: 46%

“…The reasons why are similar to the one behind the "energy efficiency paradox" (see a.o. Jacobsen (2015) or Houde and Myers (2019)). Apart from budget constraints and informational asymmetries concerning bill saving potential, behavioral biases are also likely to play a role.…”

Section: Residential Pv In Walloniamentioning

confidence: 97%

PV adoption: the role of distribution tariffs under net metering

Gautier

Jacqmin

2019

J Regul Econ

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“…Social interactions were also shown to have strong links to ESB. Jacobsen [21] focuses on how the propensity of consumers to buy high-efficiency commodities is influenced by energy prices, finding no evidence for this. Examining the determinants of energy conservation patterns among Greek households, Sardianou [22] finds that several socio-demographic (particularly income and being a part of an extended family structure) and environmental consciousness traits are relevant.…”

Section: Introductionmentioning

confidence: 99%

Willingness to Pay for Energy Efficient Appliances: The Case of Lebanese Consumers

Harajli

Chalak

2019

Sustainability

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A contingent valuation study was conducted to elicit the willingness to pay (WTP) of Lebanese citizens for five types of energy-efficient home appliances: washing machines, air conditioners, televisions, light bulbs, and refrigerators. A face-to-face survey is designed to this end, with data collection achieving a sample of 605 households geographically representative of the Lebanese population. A multivariate Tobit model was used to gauge the effects of socio-demographic characteristics, attitudes, perceptions, behavior, and experience on the WTP across all these appliances, while accounting for potential correlations between these WTP values. Findings provide evidence of the importance of several socio–demographics in determining WTP for more energy efficient appliances, such as income, education, and age, and the importance of perceptions and experience covariates, not least the implementation of energy labelling and the cost of electricity. In terms of policy implications, this study highlights the need to legally enforce a shift in payment mode from renting per capacity (kW) to purchasing per power (kWh) consumed for electricity in the back-up power sector, and the immediate introduction of a local labelling scheme for home appliances.

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“…Interactions with other house and household characteristics did not prove to be statistically significant, and are not discussed here. 20 Estimation results are presented as average marginal effects, reported in Table 5. Oil heating is left out of the table, due to its very small importance in the estimation sample.…”

Section: Resultsmentioning

confidence: 99%

Electricity prices and consumers’ long-term technology choices: Evidence from heating investments

Sahari

2019

European Economic Review

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This paper studies consumers' sensitivity to energy costs at the moment of making a long-term energy technology investment. The analysis exploits withinregion variation in local, regulated electricity distribution prices that are very persistent over time and therefore a good measure of long-term price expectations. Price impacts are estimated on extensive administrative registry data of private persons acting as home builders in Finland during 2006-2011. The results show that electricity prices notably influence builders' heating choices, and price increases that are mostly due to taxation have induced demand for technologies based on renewable energy. However, the results on the comprehensive set of observable individual-level characteristics imply that issues related to information and credit availability may hamper price sensitivity.

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Do energy prices influence investment in energy efficiency? Evidence from energy star appliances

Cited by 53 publications

References 44 publications

PV adoption: the role of distribution tariffs under net metering

PV adoption: the role of distribution tariffs under net metering

Willingness to Pay for Energy Efficient Appliances: The Case of Lebanese Consumers

Electricity prices and consumers’ long-term technology choices: Evidence from heating investments

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