FE3M (GACR EXPRO, 2019–2023)
Frontiers in Energy Efficiency Economics and Modelling
This research aims at pushing the frontiers of research on energy economics and modelling. We examine the causes of the energy efficiency gap, focusing on adoption and substitution of energy durables by households, and investigate to what extent consumers are willing to provide some flexibility to the energy system through demand response.
Project period: 2019–2023
Financial support: Czech Science Foundation
Project description:
Czech Science Foundation selected three projects in the field of social research in the whole Czech Republic as part of the excellence in basic research. One of these projects is this project “Frontiers in Energy Efficiency Economics and Modelling – FE3M”. This research aims at pushing the frontiers of research on energy economics and modelling. We examine the causes of the energy efficiency gap, focusing on adoption and substitution of energy durables by households, and investigate to what extent consumers are willing to provide some flexibility to the energy system through demand response. We use both revealed and stated preferences, investigating their validity where appropriate. Standard bottom-up and topdown modelling tools are enriched to better represent household behaviour. We focus on the uptake and use of energy efficient technologies, the welfare effects associated with environmental burden and the health externalities that energy production and energy use cause. We develop several hybrid models utilizing Agent Based Modelling, Energy System Optimisation, Computable General Equilibrium, Environmentally-Extended Multi-Regional Input-Output, and Impact Pathway Analysis, integrated in a comprehensive modelling tool.
Role of CUEC in the project:
The aim of the project is to improve the economic modeling of consumer preferences and behavior related to the use of energy efficient technologies and flexible demand. Behavioral research will be based on several original surveys that we will conduct throughout the project. Top-down and bottom-up approaches will be used to develop a hybrid model. Standard bottom-up and top-down modeling tools will be enriched to better represent household behavior. We focus on the uptake and use of energy efficient technologies, the welfare effects associated with environmental burden and the health externalities that energy production and energy use cause. We develop several hybrid models utilizing Agent Based Modelling, Energy System Optimization, Computable General Equilibrium, Environmentally-Extended Multi-Regional Input- Output, and Impact Pathway Analysis, integrated in a comprehensive modelling tool. We will organize four scientific workshops and seminars for students and professionals in the early careers. Several scientific papers will be published in the top journals in respective fields and project representatives will participate in international conferences.
Project partners:
Coordinator of the project in CUEC:
Involved departments:
