Research project is (co)funded by the Slovenian Research and Innovation Agency
Project
Member of University of Ljubljana
School of Economics and BusinessCode
Z5-4577Project
Could energy efficiency alleviate energy poverty in residential sector?Period
1.10.2022 - 30.9.2024Range on year
1 FTEHead
Research activity
Social sciences/EconomicsResearch Organisation
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Abstract
Improving energy efficiency is one of the most cost-effective ways to reduce greenhouse gas emissions and thus achieve sustainable living, and is therefore one of the most important goals of the European Union. Households are one of the sectors considered to have a great potential for savings. Despite this potential, the literature points to the maintenance of the
Researchers
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The phases of the project and their realization
1. Development and evaluation of a household decision-making model for energy-efficient renovation of residential buildings (WP 1). The first part of the project assesses the impact of individual factors on the likelihood of energy efficiency investments using discrete decision models. Regarding economic incentives, the model would take into account both household income and financial incentives from the eco-fund. The share of free benefits, or the share of households that would make an investment even without a subsidy, is also estimated.
2. Defining and measuring the energy efficiency of households (WP 2). The second part uses a relatively new econometric approach that combines production theory and stochastic boundary analysis. The model will include energy services in the stochastic boundary, which will include several energy sources used in households in addition to electricity.
3. Estimation of the elasticity of demand for energy in households (WP 3). The third part will develop a household energy demand model that accounts for heterogeneous household preferences for energy equipment ownership and consumption. The model will assess the income elasticity of energy demand and consequently provide an answer to the question of how energy efficiency affects energy poverty.
