Household preferences for private versus public subsidies for new heating systems: insights from a multi-country discrete choice experiment

Schleich, Joachim; Guetlein, Marie-Charlotte; Tu, Gengyang; Faure, Corinne

doi:10.1080/00036846.2022.2030043

Cited by 4 publications

(4 citation statements)

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“…Davis & Metcalf, ( 2016 ) derived same results that energy efficiency labels can promote energy efficiency investment from experimental research with CE method. While the multi-country CE study of Schleich et al, ( 2022 ) was not for energy efficiency, the preferences for new heating systems across countries have been investigated and heterogeneity of countries can be controlled in the CE study, implying the adaptability of CE method to apply consumer choice study on energy efficiency preference.…”

Section: Literature Surveymentioning

confidence: 99%

Estimating implicit discount rate for energy efficiency investment using the contingent valuation method: a case study in South Korea

2022

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This study measures the implicit discount rate (IDR) for energy efficiency investment at the household level. Our pioneering attempt to use the contingent valuation method suggests fresh insights into relieving the possible problems induced when the IDR is estimated using multiple price list and open-ended questions. Using the survey data from 2392 respondents in South Korea, we measured the IDR for appliances with high energy efficiency. The measurement ranges from 21.80 to 25.94%, implying the overestimation in existing literature. This study contributes to the literature by determining the role of cognition and experience in energy efficiency investment. Cognition has a statistically significant negative impact on IDR and depends on the appliance type, whereas risk preference has no meaningful impact. Energy efficiency improvement experiences are the critical factor in reducing IDR, that is, promoting energy efficiency investment, especially for recently introduced appliances. Overall, our finding suggests that information that induces high cognition on the cost–benefit analysis and energy efficiency labeling can lower IDR and thus promote energy efficiency. Our study also suggests that targeting energy consumers who have experience in energy-saving campaigns or programs could be a priority because such experiences are crucial to IDR reduction.

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Section: Literature Surveymentioning

confidence: 99%

Estimating implicit discount rate for energy efficiency investment using the contingent valuation method: a case study in South Korea

2022

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“…Further, Schleich et al (2021) elicit the WTP for ownership status among homeowners in the UK and find that these prefer owning rather than renting a new heating system. Finally, using stated preference data from Poland, Sweden and the UK, Schleich et al (2022) find that lower hassle costs, higher public subsidies and longer warranty periods increase the likelihood of heating system adoption.…”

Section: Literaturementioning

confidence: 98%

“…The second category includes empirical studies using stated preference data from discrete choice experiments to estimate the WTP for various attributes of residential heating systems (Scarpa and Willis, 2010;Willis et al, 2011;Achtnicht, 2011;Rouvinen and Matero, 2013;Ruokamo, 2016;Krikser et al, 2020;Schleich et al, 2021;Schleich et al, 2022). These studies focus on a variety of attributes, such as user comfort, environmental benefits, familiarity, recommendations by others, ownership status, warranty periods, and financial aspects such as investment, operating and energy costs.…”

Section: Literaturementioning

confidence: 99%

“…Previous studies have estimated the WTP for a wide range of residential heating system characteristics. Key findings from these studies are that the valuation of a particular heating system increases if the technology is familiar (Lang et al, 2021), provides environmental benefits (Achtnicht, 2011;Achtnicht and Madlener, 2014;Rouvinen and Matero, 2013;Ruokamo, 2016;Lang et al, 2021), is recommended by others (Achtnicht, 2011;Achtnicht and Madlener, 2014;Scarpa and Willis, 2010;Willis et al, 2011), has low hassle costs or other inconveniences associated with installing or using the heating system (Scarpa and Willis, 2010;Schleich et al, 2022), is owned rather than rented (Schleich, 2021) and if additional subsidies or longer warranty periods are provided (Achtnicht, 2011;Achtnicht and Madlener, 2014;Sleich et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

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Economics of Hydrogen Markets

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The publication may also be distributed here under the terms of Article 25fa of the Dutch Copyright Act, indicated by the "Taverne" license. More information can be found on the University of Groningen website: https://www.rug.nl/library/open-access/self-archiving-pure/taverneamendment.ii colleagues in particular. First, I want to thank my colleague Peter Perey. Our discussions on all sorts of research and energy-related topics in the office and during lunch and coffee breaks have contributed to completing this research. Being able to pass by and walk into your office at almost any time and to draw out new ideas on the whiteboard was very helpful. In addition, I owe thanks to Daan Hulshof for his valuable lessons and contributions as a supervisor and co-author to one of my chapters. You helped me to formulate and write down research ideas more precisely, which has improved the quality of my chapters. Moreover, I thank Floris van Montfoort for being a great office mate and travel companion. I enjoyed our visits to the IAEE European Conferences in Athens (2022) and Milan (2023), discussions on all sorts of things, playing padel and cycling home from work. Also, I want to thank Arjen Veenstra for baking formidable pies and cakes, most notably his Oranjekoek and Skyr cheesecakes, and bringing them to the office. Apart from enjoying your baking expertise, I enjoyed the occasional distractions and your presence as an office mate in the last few months of my PhD.Finally, I owe gratitude to my family members and friends for their loving support. In particular, I thank my parents who gave me the freedom to choose my own path in life and taught me to persevere in whatever I would choose to pursue. I also thank my grandma Anni for inviting me for dinner almost every week and her supportive role in all kinds of things. At last, I thank my friends Bauke, Harm-Jan, Diederick, Douwe, Jelle, Maikel, Wouter, Mats and Robin for being a great source of energy and for celebrating achievements.

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Household preferences for private versus public subsidies for new heating systems: insights from a multi-country discrete choice experiment

Cited by 4 publications

References 30 publications

Estimating implicit discount rate for energy efficiency investment using the contingent valuation method: a case study in South Korea

Estimating implicit discount rate for energy efficiency investment using the contingent valuation method: a case study in South Korea

Economics of Hydrogen Markets

Analysis of preferences of households for choosing heating and cooling systems: A discrete choice analysis in Iran

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