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The impact of Minimum Energy Efficiency Standards: Some evidence from the London office market

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  • McAllister, Pat
  • Nase, Ilir

Abstract

This paper provides a preliminary evaluation of staged introduction of the Minimum Energy Efficiency Standards in England and Wales in the period after announcement but before policy implementation. A process evaluation of the specific policy design focussing on potential sources of policy failure is provided. Drawing upon a database of all EPCs registered for offices in London, preliminary empirical evidence is presented on policy outcomes post-announcement and pre-implementation period. The extent to which EPC G and F rated office buildings in London have improved their EPC rating in anticipation of the introduction of the policy between 2011 until 2017 is analysed. It is found that a maximum of 0.65% of the properties affected by the introduction of minimum standards had modifications that could have been triggered by the policy intervention in the period prior to policy implementation.

Suggested Citation

  • McAllister, Pat & Nase, Ilir, 2019. "The impact of Minimum Energy Efficiency Standards: Some evidence from the London office market," Energy Policy, Elsevier, vol. 132(C), pages 714-722.
    • Handle: RePEc:eee:enepol:v:132:y:2019:i:c:p:714-722
    DOI: 10.1016/j.enpol.2019.05.060
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    1. Stavins, Robert N., 2003. "Experience with market-based environmental policy instruments," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 9, pages 355-435, Elsevier.
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