• 23 October, 2018

On the role of the status-quo bias in energy efficiency

Do individuals showing a status-quo bias also own older home appliances as well display higher levels of consumption in energy services? Is the status-quo bias a barrier to energy efficient, related to both the investment and energy use domain? If you are interested in these questions, have a look to the report! Enjoy reading.

  • 11 May, 2018

Calibration of simulation models

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.

  • 07 May, 2018

Energy literacy and the level of energy efficiency

We find that European households could save roughly 28-30% of their energy usage by correcting inefficiencies. We also find that the level of energy-related financial literacy seems to play an important role in explaining the level of electricity consumption and the level of the frontier function.

  • 07 May, 2018

Energy efficient behaviour and the underlying processes

Is the Value-Identity-Personal norm model supported by the data collected in three different European countries? Moreover, does the perceived corporate environmental responsibility (CER) of the energy utility motivate sustainable energy behaviours through an influence on social norms or an influcne on personal norms? You can find an answer to these questions by reading the new penny report!

  • 20 April, 2018

Are we literate enough to choose a new washing machine?

Economists claim that there is a so-called “energy efficiency gap”. What they mean is that many households do not invest in new and more energy-efficient appliances, although this would be financially beneficial for them. In other words: every day millions of people do not see and pick the low hanging fruits of energy-efficiency improvements growing along their way. Several possible explanations have been considered for the existence of the “energy-efficiency gap”, among them various market and behavioural failures such as missing information, liquidity constraints, subjective discount rates and risk aversion, just to name a few. Another possible reason for people to not see and pick the low-hanging fruits is associated with the lack of a specific form of literacy.

  • 05 April, 2018

FEEM Working Paper

The first results of the Penny project are available in the FEEM Working Paper 2018 .008: "Internal and External Barriers to Energy Efficiency: Made-to-Measure Policy Interventions".

  • 18 January, 2018

EU Green Week

The next edition of The EU Green Week will explore ways in which the EU is helping cities to become better places to live and work. As part of the EU Green Week, a a high level conference will.

  • 21 November, 2017

First Newsletter

The first Penny Newsletter is online. The Newsletter presents some highlights from the first year of the PENNY project. It summarizes the main insights from the assessment of energy-efficient policies and interventions, it describes what drives the acceptability of fossil energy saving measures and the hidden motivations behind energy-saving and initiatives to reduce energy-use.

  • 16 November, 2017

Behave

5th European Conference on Behaviour and Energy Efficiency BEHAVE 2018 will be held from the 5th to the 7th September 2018 in Zurich, Switzerland.