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Towards a More Realistic Cost-Benefits Analysis - Attempting to Integrate Transaction Costs and Energy Efficiency Services

Adisorn, T. and Luetkehaus, H. and Thema, J. and Tholen, L. (2020) Towards a More Realistic Cost-Benefits Analysis - Attempting to Integrate Transaction Costs and Energy Efficiency Services. 15th SDEWES Conference Cologne 2020, 2020-09-01 - 2020-09-05, Köln, Deutschland. (Unpublished)

Full text not available from this repository.

Abstract

In order to calculate the financial return of energy efficiency measures, a cost-benefit analysis (CBA) is a proven tool for investors. Although these calculations often show that the measures pay off after a few years, they are often not implemented. The reasons for this are summarised under the term - energy efficiency gap -, which shows that investment decisions in energy efficiency are often not only based on a simple consideration of direct costs (investments) and benefits (e.g. saved energy costs). An element of this energy efficiency gap are transaction costs (TAC), which include, inter alia, the time needed to acquire the necessary knowledge. TAC can be reduced by energy efficiency services (EES). We investigate upon a) TAC for taking up energy efficiency measures, b) costs of applicable energy efficiency services including Government funding and c) EES’ potential to reduce TAC. Quantifiable information on these three aspects will provide a more realistic picture for a cost-benefit analysis. Data is gathered by conducting a meta-analysis, which is complemented by expert interviews with energy advisors. We focus our results on the business sector by developing case studies on energy efficiency investments. The study finds TAC are a cost factor in CBA, but the factor does not rise proportionately with increasing investments. EES also increase costs; however, in Germany, Government funding minimises its relevance. Through our approach we were not able to identify data about the EES’s potential to reduce TAC. More research is needed to enhance CBAs in a realistic way also factoring in the quantification of benefits.

Item URL in elib:https://elib.dlr.de/136983/
Document Type:Conference or Workshop Item (Speech)
Title:Towards a More Realistic Cost-Benefits Analysis - Attempting to Integrate Transaction Costs and Energy Efficiency Services
Authors:
AuthorsInstitution or Email of AuthorsAuthor's ORCID iDORCID Put Code
Adisorn, T.Wuppertal Instiute for Climate, Environment and EnergyUNSPECIFIEDUNSPECIFIED
Luetkehaus, H.UNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Thema, J.Wuppertal Instiute for Climate, Environment and EnergyUNSPECIFIEDUNSPECIFIED
Tholen, L.Wuppertal Instiute for Climate, Environment and EnergyUNSPECIFIEDUNSPECIFIED
Date:1 September 2020
Refereed publication:No
Open Access:No
Gold Open Access:No
In SCOPUS:No
In ISI Web of Science:No
Status:Unpublished
Keywords:Kosten-Nutzenanalyse, Energieeffizienzmaßnahmen, Energy Efficiency Gap, Transaktionskosten,
Event Title:15th SDEWES Conference Cologne 2020
Event Location:Köln, Deutschland
Event Type:international Conference
Event Start Date:1 September 2020
Event End Date:5 September 2020
HGF - Research field:Energy
HGF - Program:Technology, Innovation and Society
HGF - Program Themes:Renewable Energy and Material Resources for Sustainable Futures - Integrating at Different Scales
DLR - Research area:Energy
DLR - Program:E SY - Energy Systems Analysis
DLR - Research theme (Project):E - Systems Analysis and Technology Assessment (old)
Location: Oldenburg
Institutes and Institutions:Institute of Networked Energy Systems > Energy Systems Analysis
Deposited By: Lütkehaus, Hauke
Deposited On:02 Nov 2020 11:28
Last Modified:24 Apr 2024 20:39

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