Sammanfattning

Consumers' limitations in assessing the lifetime cost of household appliances may sustain the much-cited energy efficiency gap. We analyse the impact of an individual's energy and investment literacy and two different types of decision support on the ability to identify the appliance with the lower lifetime cost in an online randomized controlled trial among two independently chosen samples of the Swiss population. In a decision task, participants choose between appliances with different lifetime cost. One treatment offers a short education programme on how to calculate the lifetime cost of an appliance - via a set of information slides. The second treatment provides access to an online lifetime-cost calculator tool. We find that pre-treatment energy and investment literacy are positively associated with the probability of identifying the appliance with the lowest lifetime cost. Evidence in this paper suggest that both decision aids boost identification of energy-efficient appliances. We discuss strategies to scale up these boosters.

Nyckelord

Energy efficiency; bounded rationality; deliberation cost; boosting; online tools; energy and investment literacy

Publicerad i

Applied Economics
2022, Volym: 54, nummer: 31, sidor: 3598-3620

SLU författare

• Martinez Cruz, Adan

  • Institutionen för skogsekonomi, Sveriges lantbruksuniversitet
    

Globala målen

Säkerställa tillgång till ekonomiskt överkomlig, tillförlitlig, hållbar och modern energi för alla
Säkerställa hållbara konsumtions- och produktionsmönster


UKÄ forskningsämne

Energisystem


Publikationens identifierare

DOI: https://doi.org/10.1080/00036846.2021.2014395

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/115495