NDLI: The Role of Energy and Investment Literacy for Residential Electricity Demand and End-use Efficiency

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The Role of Energy and Investment Literacy for Residential Electricity Demand and End-use Efficiency

Content Provider	Scilit
Author	Blasch, Julia Boogen, Nina Filippini, Massimo Kumar, Nilkanth
Copyright Year	2017
Description	Journal: SSRN Electronic Journal This paper estimates the level of transient and persistent efficiency in the use of electricity in Swiss households using the generalized true random effects model (GTREM). A panel dataset of 1,994 Swiss households from 2010 to 2014 collected via a household survey is used to estimate an electricity demand frontier function. We further investigate whether energy and investment literacy have an influence on the household electricity consumption. The results show significant inefficiencies in the use of electricity among Swiss households, both transient (11%) and persistent (22%). We note that the high persistent inefficiency is indicative of structural problems faced by households and systematic behavioral shortcomings in residential electricity consumption. These results indicate a considerable potential for electricity savings and thus reaching the reduction targets defined by the Swiss federal council as part of the Energy Strategy 2050, wherein end-use efficiency improvement is one of the main pillars. The results support a positive role of energy and, in particular, investment literacy in reducing household electricity consumption. Policies targeting an improvement of these attributes could help to improve efficiency in the use of energy within households.
Related Links	http://www.cer.ethz.ch/content/dam/ethz/special-interest/mtec/cer-eth/cer-eth-dam/documents/working-papers/WP-17-269.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2940197
ISSN	10914358
e-ISSN	15565068
DOI	10.2139/ssrn.2940197
Journal	SSRN Electronic Journal
Language	English
Publisher	Elsevier BV
Publisher Date	2017-03-24
Access Restriction	Open
Subject Keyword	Journal: SSRN Electronic Journal Environmental Studies End Use Efficiency
Content Type	Text
Resource Type	Article
Subject	Public Health, Environmental and Occupational Health Psychiatry and Mental Health

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