Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 10th Sept 2026, 07:06:44pm CEST (Norway)
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Daily Overview |
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Pro-environmental behavior and public goods Location: Auditorium P: Finn Kydland Session Chair: Roberto Balado-Naves, University of Oviedo | |
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Drivers of residential energy savings during the 2022 energy crisis: The role of prices and non-monetary factors 1: DIW Berlin & Technical University of Berlin, Germany; 2: Centro Euro-Mediterraneo sui Cambiamenti Climatici Russia’s invasion of Ukraine was accompanied by a significant reduction in its gas supplies to Europe, causing sharp energy price surges and prompting governments to respond with public appeals and programs aimed at reducing consumption. This paper investigates the relative contributions of price increases and non-monetary factors, such as public appeals, to residential energy savings during the crisis. Using a unique building-level dataset from Germany, we employ a difference-in-difference framework comparing buildings which were facing immediate price increases with buildings with constant prices to isolate price-driven savings from contemporaneous non-monetary effects. Our findings reveal that while increased prices led to moderate short-run energy savings, the majority of observed savings were driven by non-monetary factors. We identify a relatively low short-run energy price elasticity of demand. Combining machine learning methods to predict predict energy consumption without the energy crisis based on previous data, we calculate building-level price-driven and nonprice- driven savings, analyzing their variation with socio-demographic characteristics using census data. These results highlight the critical role of non-monetary interventions in energy conservation during crises. | |