Increased Household Energy Efficiency: Can It Boost the UK Economy?

Research output: Book/ReportOther report

Abstract

Improving UK household energy efficiency has positive effects on the UK economy by households spending their savings from lower energy bills to buy non-energy goods and services and thereby stimulating demand in the wider economy. However, the combination of cheaper energy and increased spending on non-energy goods and services will partially offset the energy savings from more energy efficient households. This is the so-called ‘rebound effect`. In contrast to previous economy-wide rebound research that has noted that energy efficiency improvements in industry sectors leads to an increase in productivity, this research concludes that greater household energy efficiency is likely to lead to a demand-driven economic expansion, increasing employment and reducing unemployment.
LanguageEnglish
PublisherUniversity of Strathclyde
Commissioning bodyInternational Public Policy Institute
Number of pages11
Publication statusPublished - Apr 2015

Publication series

NameInternational Public Policy Institute Policy Brief
PublisherUniversity of Strathclyde

Fingerprint

Energy efficiency
Household
Energy
Economics
Savings
Research productivity
Unemployment
Rebound
Rebound effect
Industry
Energy saving

Keywords

  • IPPI
  • household energy consumption
  • UK economy
  • public policy

Cite this

Figus, G., Turner, K., Lecca, P., McGregor, P., & Swales, K. (2015). Increased Household Energy Efficiency: Can It Boost the UK Economy? (International Public Policy Institute Policy Brief). University of Strathclyde.
Figus, Gioele ; Turner, Karen ; Lecca, Patrizio ; McGregor, Peter ; Swales, Kim. / Increased Household Energy Efficiency : Can It Boost the UK Economy?. University of Strathclyde, 2015. 11 p. (International Public Policy Institute Policy Brief).
@book{9f2f2da7d7d74ff7b471357ba0247eb0,
title = "Increased Household Energy Efficiency: Can It Boost the UK Economy?",
abstract = "Improving UK household energy efficiency has positive effects on the UK economy by households spending their savings from lower energy bills to buy non-energy goods and services and thereby stimulating demand in the wider economy. However, the combination of cheaper energy and increased spending on non-energy goods and services will partially offset the energy savings from more energy efficient households. This is the so-called ‘rebound effect`. In contrast to previous economy-wide rebound research that has noted that energy efficiency improvements in industry sectors leads to an increase in productivity, this research concludes that greater household energy efficiency is likely to lead to a demand-driven economic expansion, increasing employment and reducing unemployment.",
keywords = "IPPI, household energy consumption, UK economy, public policy",
author = "Gioele Figus and Karen Turner and Patrizio Lecca and Peter McGregor and Kim Swales",
year = "2015",
month = "4",
language = "English",
series = "International Public Policy Institute Policy Brief",
publisher = "University of Strathclyde",

}

Figus, G, Turner, K, Lecca, P, McGregor, P & Swales, K 2015, Increased Household Energy Efficiency: Can It Boost the UK Economy? International Public Policy Institute Policy Brief, University of Strathclyde.

Increased Household Energy Efficiency : Can It Boost the UK Economy? / Figus, Gioele; Turner, Karen; Lecca, Patrizio; McGregor, Peter; Swales, Kim.

University of Strathclyde, 2015. 11 p. (International Public Policy Institute Policy Brief).

Research output: Book/ReportOther report

TY - BOOK

T1 - Increased Household Energy Efficiency

T2 - Can It Boost the UK Economy?

AU - Figus, Gioele

AU - Turner, Karen

AU - Lecca, Patrizio

AU - McGregor, Peter

AU - Swales, Kim

PY - 2015/4

Y1 - 2015/4

N2 - Improving UK household energy efficiency has positive effects on the UK economy by households spending their savings from lower energy bills to buy non-energy goods and services and thereby stimulating demand in the wider economy. However, the combination of cheaper energy and increased spending on non-energy goods and services will partially offset the energy savings from more energy efficient households. This is the so-called ‘rebound effect`. In contrast to previous economy-wide rebound research that has noted that energy efficiency improvements in industry sectors leads to an increase in productivity, this research concludes that greater household energy efficiency is likely to lead to a demand-driven economic expansion, increasing employment and reducing unemployment.

AB - Improving UK household energy efficiency has positive effects on the UK economy by households spending their savings from lower energy bills to buy non-energy goods and services and thereby stimulating demand in the wider economy. However, the combination of cheaper energy and increased spending on non-energy goods and services will partially offset the energy savings from more energy efficient households. This is the so-called ‘rebound effect`. In contrast to previous economy-wide rebound research that has noted that energy efficiency improvements in industry sectors leads to an increase in productivity, this research concludes that greater household energy efficiency is likely to lead to a demand-driven economic expansion, increasing employment and reducing unemployment.

KW - IPPI

KW - household energy consumption

KW - UK economy

KW - public policy

M3 - Other report

T3 - International Public Policy Institute Policy Brief

BT - Increased Household Energy Efficiency

PB - University of Strathclyde

ER -

Figus G, Turner K, Lecca P, McGregor P, Swales K. Increased Household Energy Efficiency: Can It Boost the UK Economy? University of Strathclyde, 2015. 11 p. (International Public Policy Institute Policy Brief).