Report on efficiency improvements in the household and industry sector
In this Penny report we describe how the models used in our simulations have been enhanced to explicitly take into account consumer behaviour in energy service consumption. First, we extended the computable general equilibrium (CGE) model such that we are able to look at the consumption of energy services of households that use electricity. Furthermore, we can analyse the impact of misperception of electricity prices on the derived demand for electricity and energy services. Second, we improved the representation of the building sector energy demand modelling in the WITCH IAM.