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Consumer behavior in energy-efficient homes: The limited merits of energy performance ratings as benchmarks

Florian Heesen, +1 more
- 01 Aug 2018 - 
- Vol. 172, pp 405-413
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TLDR
In this article, the authors investigate to what extent the current EPR scheme in place in Germany today can address behavioral issues and find evidence that it is not necessarily the behavioral dimension, but rather the static and mostly technically guided calculation of the EPRs itself that accounts for the major part of the deviations.
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This article is published in Energy and Buildings.The article was published on 2018-08-01 and is currently open access. It has received 43 citations till now. The article focuses on the topics: Energy consumption & EPRS.

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Using Fuzzy Real Options Valuation for Assessing Investments in NGCC and CCS Energy Conversion Technology

TL;DR: In this article, the relative advantage of investing in a natural gas combined cycle (NGCC) power plant versus a coal-fired power plant with and without carbon capture and storage (CCS) technology was investigated.
Posted Content

Why Higher Price Sensitivity of Consumers May Increase Average Prices: An Analysis of the European Electricity Market

TL;DR: In this article, the authors developed a model of the European electricity market that allows analyzing the impact of consumers' price sensitivity, defined as the willingness to change energy providers, on equilibrium prices.
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The interaction between humans and buildings for energy efficiency: A critical review

TL;DR: Research on building occupant behaviour relies strongly on quantitative methods, but studies are mostly located in the northern hemisphere and in developed and high-income countries, and the dominant research topics associated with occupant behaviour are energy demand and thermal comfort, followed by retrofit and renovation.
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Building-level and stock-level in contrast: A literature review of the energy performance of buildings during the operational stage

TL;DR: This literature review summarised the level of information of the studies by listing the granularity of the energy performance data according to the purpose of the study and proposed conceptual models for both approaches (building and stock-level) that outlined the main aspects and dynamics identified.
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How robust are estimates of the rebound effect of energy efficiency improvements? A sensitivity analysis of consumer heterogeneity and elasticities

TL;DR: In this article, a computable general equilibrium model of the Austrian economy incorporating multiple household groups with heterogeneous preferences and analyzes how improving efficiency by 10% affects household fossil fuel consumption.
References
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Specification Tests in Econometrics

Jerry A. Hausman
- 01 Nov 1978 - 
TL;DR: In this article, the null hypothesis of no misspecification was used to show that an asymptotically efficient estimator must have zero covariance with its difference from a consistent but asymptonically inefficient estimator, and specification tests for a number of model specifications in econometrics.
Journal ArticleDOI

Loss Aversion in Riskless Choice: A Reference-Dependent Model

TL;DR: In this article, the authors present a reference-dependent theory of consumer choice, which explains such effects by a deformation of indifference curves about the reference point, in which losses and disadvantages have greater impact on preferences than gains and advantages.
Journal ArticleDOI

Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data

TL;DR: The authors presented conditions under which a simple extension of common nonparametric covariance matrix estimation techniques yields standard error estimates that are robust to very general forms of spatial and temporal dependence as the time dimension becomes large.
Journal ArticleDOI

Energy efficiency and consumption — the rebound effect — a survey

TL;DR: In this paper, a review of some of the relevant literature from the US offers definitions and identifies sources including direct, secondary, and economy-wide sources and concludes that the range of estimates for the size of the rebound effect is very low to moderate.
Journal ArticleDOI

Modeling of end-use energy consumption in the residential sector: A review of modeling techniques

TL;DR: In this paper, the authors provide an up-to-date review of the various modeling techniques used for modeling residential sector energy consumption, focusing on the strengths, shortcomings and purposes.
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Q1. What are the contributions mentioned in the paper "Consumer behavior in energy-efficient homes: the limited merits of energy performance ratings as benchmarks" ?

The EPR-HEC gaps reported are, apart from heterogeneity, i. e. deviations from the mean aggregate values, often attributed to ( unanticipated ) behavioral effects. In this paper, the authors investigate whether and to what extent the current EPR scheme in place in Germany today can address behavioral issues. To this end, the authors empirically investigate the deviations between EPRs used in regulation and observed HEC levels based on two different data sets for Germany. The results obtained and insights gained from their analysis highlight the need for further improvements in the field of EPR regulation and methodology. 

The standard evaluation of the success of energy efficiency measures is based on thethermodynamic potentials in contrast to the resulting energy consumption levels (Hens et al., 2010;Aydin et al., 2014). 

The F-test rejects the null hypotheses,proving that individual effects (as of households) are present and that the panel estimation is moreefficient. 

The error term 𝜀𝑖𝑡 captures the remainingvariance in the data set.ln( ) *ln( ) it i x it itq X i = 1, … n, t = 1, … T (1)The HEC model is estimated using R, an open source programming environment. 

One reason whyEPRs are not commonly identified as the source of the problem might be that they are calculatedon the thermodynamic properties of the building and thus are not wrong in a physical sense, buttaking the human dimension wrongly into account, if at all. 

Table4 summarizes all specification tests and reports that the 𝜒² test rejects the null hypotheses; hence afixed effects model is chosen as the preferable alternative.