IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v168y2022ics0301421522003032.html
   My bibliography  Save this article

Limits of household's energy efficiency improvements and its consequence – A case study for Hungary

Author

Listed:
  • Gróf, Gyula
  • Janky, Béla
  • Bethlendi, András

Abstract

Many energy-efficiency programs at the national and EU levels target the residential building sector. Investment in the renovation of buildings results in increased energy efficiency and can minimise energy utilisation when up-to-date technique and accurate planning is performed. The realisation depends on many subjects. One critical objective in the planning process is the financial status of the families living in the building stock subject of the renovation projects. A complex approach is essential in housing renovation programs, and the consequences of different energy policies in each country should be considered. This study reports the possible level of Hungarian prebound and its consequence on the energy efficiency mortgage loans. The heating expenditure varies by household's income situation and/or the dwelling's technical characteristics. A mixed picture was found, reducing available expenditure and, typically, higher monthly savings rates for smaller dwellings. We found that the prebound and rebound effects and credit constraints might limit a nationwide energy renovation program. Furthermore, the fixed residential energy price policy can impair the effectiveness of housing renovation programs. We found a minimal positive effect on banks' expected credit loss and the regulatory capital requirement on home energy-efficiency improvements.

Suggested Citation

  • Gróf, Gyula & Janky, Béla & Bethlendi, András, 2022. "Limits of household's energy efficiency improvements and its consequence – A case study for Hungary," Energy Policy, Elsevier, vol. 168(C).
    • Handle: RePEc:eee:enepol:v:168:y:2022:i:c:s0301421522003032
    DOI: 10.1016/j.enpol.2022.113078
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421522003032
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.enpol.2022.113078?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Christian Dustmann & Bernd Fitzenberger & Markus Zimmermann, 2022. "Housing Expenditure and Income Inequality," The Economic Journal, Royal Economic Society, vol. 132(645), pages 1709-1736.
    2. Madlener, R. & Alcott, B., 2009. "Energy rebound and economic growth: A review of the main issues and research needs," Energy, Elsevier, vol. 34(3), pages 370-376.
    3. Csaba Lentner & Krisztina Szegedi & Tibor Tatay, 2017. "Social Responsibility in the Operation of Central Banks," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 16(2), pages 64-85.
    4. Hache, Emmanuel & Leboullenger, Déborah & Mignon, Valérie, 2017. "Beyond average energy consumption in the French residential housing market: A household classification approach," Energy Policy, Elsevier, vol. 107(C), pages 82-95.
    5. Freire-González, Jaume, 2017. "A new way to estimate the direct and indirect rebound effect and other rebound indicators," Energy, Elsevier, vol. 128(C), pages 394-402.
    6. Betto, Frida & Garengo, Patrizia & Lorenzoni, Arturo, 2020. "A new measure of Italian hidden energy poverty," Energy Policy, Elsevier, vol. 138(C).
    7. Franke, Melanie & Nadler, Claudia, 2019. "Energy efficiency in the German residential housing market: Its influence on tenants and owners," Energy Policy, Elsevier, vol. 128(C), pages 879-890.
    8. Madurika Nanayakkara & Sisira Colombage, 2019. "Do investors in Green Bond market pay a premium? Global evidence," Applied Economics, Taylor & Francis Journals, vol. 51(40), pages 4425-4437, August.
    9. Semple, Sally & Jenkins, David, 2020. "Variation of energy performance certificate assessments in the European Union," Energy Policy, Elsevier, vol. 137(C).
    10. Freire-González, Jaume, 2017. "Evidence of direct and indirect rebound effect in households in EU-27 countries," Energy Policy, Elsevier, vol. 102(C), pages 270-276.
    11. Valérie Mignon & Emmanuel Hache & Déborah Leboullenger, 2017. "Beyond average energy consumption in the French residential market: A household classification approach," Post-Print hal-01549810, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jakučionytė-Skodienė, Miglė & Liobikienė, Genovaitė, 2023. "Changes in energy consumption and CO2 emissions in the Lithuanian household sector caused by environmental awareness and climate change policy," Energy Policy, Elsevier, vol. 180(C).
    2. Chaudhuri, Kausik & Huaccha, Gissell, 2023. "Who bears the energy cost? Local income deprivation and the household energy efficiency gap," Energy Economics, Elsevier, vol. 127(PA).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kahouli, Sondès & Okushima, Shinichiro, 2021. "Regional energy poverty reevaluated: A direct measurement approach applied to France and Japan," Energy Economics, Elsevier, vol. 102(C).
    2. Mardones, Cristian, 2021. "Ex-post evaluation and cost-benefit analysis of a heater replacement program implemented in southern Chile," Energy, Elsevier, vol. 227(C).
    3. Dorothée Charlier & Sondès Kahouli, 2019. "From Residential Energy Demand to Fuel Poverty: Income-induced Non-linearities in the Reactions of Households to Energy Price Fluctuations," The Energy Journal, , vol. 40(2), pages 101-138, March.
    4. Salomé Bakaloglou and Dorothée Charlier, 2019. "Energy Consumption in the French Residential Sector: How Much do Individual Preferences Matter?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
    5. Zehra Ilknur Yilmaz & Ramazan SARI & Aysen Sivrikaya & Fahman Fathurrahman, 2023. "Rebound Effect of Residential Space Heating - The Case of Ankara," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 4(1), pages 1-6.
    6. Scarpellini, Sabina & Alexia Sanz Hernández, M. & Moneva, José M. & Portillo-Tarragona, Pilar & Rodríguez, María Esther López, 2019. "Measurement of spatial socioeconomic impact of energy poverty," Energy Policy, Elsevier, vol. 124(C), pages 320-331.
    7. Barjak, F. & Lindeque, J. & Koch, J. & Soland, M., 2022. "Segmenting household electricity customers with quantitative and qualitative approaches," Renewable and Sustainable Energy Reviews, Elsevier, vol. 157(C).
    8. Florian Fizaine & Sondès Kahouli, 2018. "On the power of indicators: how the choice of the fuel poverty measure affects the identification of the target population," Policy Papers 2018.01, FAERE - French Association of Environmental and Resource Economists.
    9. Dorothée Charlier & Sondès Kahouli, 2018. "Fuel poverty and residential energy demand: how fuel-poor households react to energy price fluctuations," Post-Print halshs-01957771, HAL.
    10. Ying Han & Jianhua Shi & Yuanfan Yang & Yaxin Wang, 2019. "Direct Rebound Effect for Electricity Consumption of Urban Residents in China Based on the Spatial Spillover Effect," Energies, MDPI, vol. 12(11), pages 1-16, May.
    11. Ferrari, Simone & Blázquez, Teresa & Dall'O', Giuliano, 2021. "Energy performance indexes based on monitored data of social housing buildings in Northern Italy," Applied Energy, Elsevier, vol. 298(C).
    12. Bezerra, Paula & Cruz, Talita & Mazzone, Antonella & Lucena, André F.P. & De Cian, Enrica & Schaeffer, Roberto, 2022. "The multidimensionality of energy poverty in Brazil: A historical analysis," Energy Policy, Elsevier, vol. 171(C).
    13. K. Thomas Liaw, 2020. "Survey of Green Bond Pricing and Investment Performance," JRFM, MDPI, vol. 13(9), pages 1-12, August.
    14. Solène Goy & François Maréchal & Donal Finn, 2020. "Data for Urban Scale Building Energy Modelling: Assessing Impacts and Overcoming Availability Challenges," Energies, MDPI, vol. 13(16), pages 1-23, August.
    15. Karen Turner, 2013. ""Rebound" Effects from Increased Energy Efficiency: A Time to Pause and Reflect," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    16. Ouyang, Jinlong & Long, Enshen & Hokao, Kazunori, 2010. "Rebound effect in Chinese household energy efficiency and solution for mitigating it," Energy, Elsevier, vol. 35(12), pages 5269-5276.
    17. Domenico Palladino & Flavio Scrucca & Nicolandrea Calabrese & Grazia Barberio & Carlo Ingrao, 2021. "Durum-Wheat Straw Bales for Thermal Insulation of Buildings: Findings from a Comparative Energy Analysis of a Set of Wall-Composition Samples on the Building Scale," Energies, MDPI, vol. 14(17), pages 1-19, September.
    18. Etgeton, Stefan & Fischer, Björn & Ye, Han, 2023. "The effect of increasing retirement age on households’ savings and consumption expenditure," Journal of Public Economics, Elsevier, vol. 221(C).
    19. repec:hal:gemwpa:hal-00991732 is not listed on IDEAS
    20. repec:zbw:rwirep:0538 is not listed on IDEAS
    21. Damette, Olivier & Delacote, Philippe & Lo, Gaye Del, 2018. "Households energy consumption and transition toward cleaner energy sources," Energy Policy, Elsevier, vol. 113(C), pages 751-764.
    22. Gürsan, C. & de Gooyert, V., 2021. "The systemic impact of a transition fuel: Does natural gas help or hinder the energy transition?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 138(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:168:y:2022:i:c:s0301421522003032. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.