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    Role of Tariff Policy in Improving Energy Efficiency in the Residential Sector

    Shatirishvili, Natalia | June 2015
    Abstract
    Tariff policy plays an important role in providing “right” price signals for consumers, which is a necessary condition to improve the demand side energy efficiency (EE) in terms of the environmental, social and economic benefits. Improving EE is the most effective way to address challenges of energy security, import dependency and climate change. In spite of these benefits EE still remains underutilized in Georgia. Regulators can partly address this issue by creating “right” consumer incentives through adequate electricity tariffs. In other words, the price should reflect the costs considering all its components, and guarantee that the cost of the companies involved in electricity chain are covered. Electricity tariffs can stimulate energy efficiency, however, if other barriers remain unaddressed, raising utility tariffs alone will not lead to the desired effect. Another important factor affecting consumers’ incentives is the transparency of the tariff. Consumers should be able to understand the electricity price and consumption so the tariff can motivate decisions toward both behavior changes and investments in energy efficient technologies.
    Citation
    Shatirishvili, Natalia. 2015. Role of Tariff Policy in Improving Energy Efficiency in the Residential Sector. © Policy and Management Consulting Group. http://hdl.handle.net/11540/6507.
    Keywords
    Domestic Energy
    Energy Demand
    Energy Prices
    Energy
    Energy planning
    Alternative energy technology
    Project impact
    Program management
    Project appraisal
    Cost benefit analysis
    Household Energy Consumption
    Renewable Energy
    Evaluation
    Alternative energy
    Energy Technology
    Project Evaluation & Review Technique
    Operations Evaluation
    Program Evaluation
    Evaluation Techniques
    Evaluation Criteria
    Electric power
    Renewable energy source
    Energy development
    Renewable energy resource
    Energy conservation
    Energy policy
    Participatory monitoring and evaluation
    Participative management
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    Citable URI
    http://hdl.handle.net/11540/6507
    Metadata
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    Role_of_tariff_policy_in_improving_energy_efficiency_in__residential_sector.pdf (434.0Kb)
    Author
    Shatirishvili, Natalia
    Theme
    Energy
    Evaluation
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise