Naslov
Minimizing cost of energy efficiency savings targets – residential sector’s investment choices

Autori
Matosović, Marko

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, ostalo

Skup
10th international conference on Improving Energy Efficiency in Commercial Buildings and Smart Communities (IEECB&SC’18)

Mjesto i datum
Frankfurt na Majni, Njemačka, 21.03.2018. - 22.03.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Investment choices ; energy refurbishment ; energy efficiency policy

Sažetak
In recent years, the importance of modelling individual consumer groups, depending on their socio-economic characteristics, receives an increasing role and is the theme of growing number of studies. The joint conclusion that arises from research is the need to respect the heterogeneity of individual consumer groups and their different preferences that need to be appropriately addressed. One of the conclusions is that it is the diversity of characteristics of consumers that is one of the main market barriers for implementation of energy efficiency measures. This research presents the methodological approach for minimizing the costs of energy efficiency obligated parties by incorporating household consumption characteristics and investment choices into energy efficiency planning and decision model. Used approach is based on the stated preferences survey for including consumer decisions and national energy consumption data for including household characteristics. The decision-making process was modelled via willingness to invest function and applied on the existing family housing stock. By applying the described framework policy makers, energy companies under EEO scheme, or any other subsidy or incentive providing authority aiming to reach specific energy savings target, can obtain the distribution of financial incentives among different consumer groups (i.e. income classes) which also account for different amounts of energy savings. The developed model provides results of cost and energy saving optimization, i.e. minimal level of subsidies that is needed to achieve set energy savings goal, or the level of energy savings possible with predefined budget for energy subsidies. The model accounts for consumer disaggregation and provides all results per income class. The applied approach is interesting and useful for both governmental agencies and institutions, as well as private businesses which have an obligation to invest and incentivize energy efficiency improvements. Both the private and the public sector try to rationalize their budget and maximize cost effectiveness of the subsidies they provide.

Izvorni jezik
Engleski

Znanstvena područja
Interdisciplinarne tehničke znanosti, Ekonomija

POVEZANOST RADA