PENNY | Psychological, social and financial barriers to energy efficiency

Summary
The project aims at improving our understanding on behavioural mechanisms in energy efficiency, following an interdisciplinary and broad behavioural science approach. The project will provide an empirical and numerical assessment of the psychological, social, economic and financial factors that influence energy efficiency in the residential and industry sectors By paring with energy utilities and retailers in different European countries, the project will conduct scientific experiments (A/B testing) which will enhance the design of policies aiming at maximizing energy efficient behaviors. The project will use novel data from different European countries to take into consideration institutional and political factors. The project will analyze consumers’ behavior related to the consumption of energy, the investment in energy efficient products, as well as the renovation of buildings. Finally, ex ante assessment will be executed using improved energy economy models, which will generate quantitative information with regard to expected impacts of EU and global policies.
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More information & hyperlinks
Web resources: https://cordis.europa.eu/project/id/723791
Start date: 01-09-2016
End date: 31-08-2019
Total budget - Public funding: 1 985 237,50 Euro - 1 501 837,00 Euro
Cordis data

Original description

The project aims at improving our understanding on behavioural mechanisms in energy efficiency, following an interdisciplinary and broad behavioural science approach. The project will provide an empirical and numerical assessment of the psychological, social, economic and financial factors that influence energy efficiency in the residential and industry sectors By paring with energy utilities and retailers in different European countries, the project will conduct scientific experiments (A/B testing) which will enhance the design of policies aiming at maximizing energy efficient behaviors. The project will use novel data from different European countries to take into consideration institutional and political factors. The project will analyze consumers’ behavior related to the consumption of energy, the investment in energy efficient products, as well as the renovation of buildings. Finally, ex ante assessment will be executed using improved energy economy models, which will generate quantitative information with regard to expected impacts of EU and global policies.

Status

CLOSED

Call topic

EE-08-2016

Update Date

26-10-2022
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Horizon 2020
H2020-EU.3. SOCIETAL CHALLENGES
H2020-EU.3.3. SOCIETAL CHALLENGES - Secure, clean and efficient energy
H2020-EU.3.3.1. Reducing energy consumption and carbon foorpint by smart and sustainable use
H2020-EU.3.3.1.0. Cross-cutting call topics
H2020-EE-2016-RIA-IA
EE-08-2016 Socio-economic research on consumer's behaviour related to energy efficiency