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Energies
Volume 14
Issue 11
10.3390/en14113122
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Article

Model Validity and Transferability Informing Behavioral Energy Policies

by
Areti Kontogianni
1,*,
Dimitris Damigos
2,
Michail Skourtos
3,
Christos Tourkolias
4,
Eleanor Denny
5,
Ibon Galarraga
6,
Steffen Kallbekken
7 and
Edin Lakić
8
1
Department of Mechanical Engineering, University of Western Macedonia, 50100 Kozani, Greece
2
School of Mining and Metallurgical Engineering, National Technical University of Athens, 15780 Zografou Campus, Greece
3
Department of Economics, College of Business Administration, University of Kuwait, Kuwait 13060, Kuwait
4
Center for Renewable Energy Sources, 19009 Pikermi, Greece
5
Department of Economics, Trinity College, D02 PN40 Dublin, Ireland
6
BC3 Basque Centre for Climate Change, 48940 Leioa, Spain
7
CICERO Center for International Climate Research, P.O. Box 1129 Blindern, 0349 Oslo, Norway
8
Faculty of Electrical Engineering, University of Ljubljana, 1000 Ljubljana, Slovenia
*
Author to whom correspondence should be addressed.
Academic Editors: Carlos Henggeler Antunes and Christos Vlachokostas
Energies 2021, 14(11), 3122; https://doi.org/10.3390/en14113122
Received: 24 April 2021 / Revised: 19 May 2021 / Accepted: 25 May 2021 / Published: 27 May 2021
(This article belongs to the Special Issue Sustainable Management of Energy Resources, Energy Strategies and Climate Change)
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Abstract

A number of microeconomic choice models are currently applied to demonstrate systematic biases in energy consumer behavior. The models highlight the hidden potential of energy savings from policies that target the so-called behavioral anomalies. Nevertheless, whether these patterns are repeatable or not is not clear, because the efforts to determine the transferability or generalizability of these models are practically nonexistent. This paper uses a unique collection of empirical data from five EU countries collected within the CONSEED project to refine and develop further the standard consumer decision model, validate it for policy purposes, and elaborate on its transferability between countries. The pooled samples allow for a more reliable investigation of the relative importance of the factors influencing consumers’ attitudes and beliefs towards energy investment decisions. Based on the statistical tests conducted to evaluate the “transferability” of the pooled models (i.e., the possibility of creating a “universal” model of EE from the pooled model), it can be argued that the models are transferable in specific cases since attitudinal factors and demographic characteristics play a significant role. Although the pooled models are validated, any extrapolation of the above-mentioned findings to specific populations in terms of “space” (i.e., country) and “target” (e.g., sectors and technologies) should be approached with caution from a policy perspective. View Full-Text
Keywords: model validation; behavioral models; energy efficiency model validation; behavioral models; energy efficiency
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MDPI and ACS Style

Kontogianni, A.; Damigos, D.; Skourtos, M.; Tourkolias, C.; Denny, E.; Galarraga, I.; Kallbekken, S.; Lakić, E. Model Validity and Transferability Informing Behavioral Energy Policies. Energies 2021, 14, 3122. https://doi.org/10.3390/en14113122

AMA Style

Kontogianni A, Damigos D, Skourtos M, Tourkolias C, Denny E, Galarraga I, Kallbekken S, Lakić E. Model Validity and Transferability Informing Behavioral Energy Policies. Energies. 2021; 14(11):3122. https://doi.org/10.3390/en14113122

Chicago/Turabian Style

Kontogianni, Areti, Dimitris Damigos, Michail Skourtos, Christos Tourkolias, Eleanor Denny, Ibon Galarraga, Steffen Kallbekken, and Edin Lakić. 2021. "Model Validity and Transferability Informing Behavioral Energy Policies" Energies 14, no. 11: 3122. https://doi.org/10.3390/en14113122

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