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Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Energy efficiency and the role of energy-related financial literacy : evidence from the European residential sector
Authors: Boogen, Nina
Cattaneo, Cristina
Filippini, Massimo
Obrist, Adrian
et. al: No
DOI: 10.1007/s12053-021-09945-0
Published in: Energy Efficiency
Volume(Issue): 14
Issue: 40
Issue Date: 2021
Publisher / Ed. Institution: Springer
ISSN: 1570-646X
Language: English
Subjects: European residential electricity demand; Energy demand frontier function; Household data
Subject (DDC): 333.79: Energy
Abstract: In this paper, we analyze the level of efficiency in the use of electricity in the European residential sector relying on a cross-sectional data set comprised of 1375 households located in Italy, the Netherlands, and Switzerland and observed in 2016. To do this, we estimate an electricity demand frontier function using a stochastic frontier approach. The empirical results show that the residential sector in these three European countries could save approximately 20% of its total electricity consumption on average if it improves the level of efficiency in the use of electricity. These figures are in line with recent studies for Switzerland and for the US residential sector. Moreover, we link energy efficiency to energy-related financial literacy. We find that while energy-relevant knowledge per se does not play a significant role, stronger cognitive abilities are associated with higher levels of energy efficiency.
Fulltext version: Published version
License (according to publishing contract): CC BY 4.0: Attribution 4.0 International
Departement: School of Management and Law
Organisational Unit: Center for Energy and Environment (CEE)
Appears in collections:Publikationen School of Management and Law

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