Nick Eyre explores the issues surrounding existing market barriers to energy efficiency in a response to a BEIS cunsultation.
This BEIS consultation invited views on overcoming market barriers to energy efficiency in the UK and in particular how it can be a reliable alternative to increases in energy generation.
Summary of our response
CREDS’ perspective is that market barriers to energy efficiency cannot be addressed through the design of upstream energy markets alone, and that existing market mechanisms are unsuitable for promoting energy efficiency. It draws on evidence to suggest that a mix of policy instruments, including regulation (such as Energy Efficiencies Obligations), incentives and consumer engagement is likely to be effective.
Consultation: facilitating energy efficiency in the electricity system (5 pages, 836 KB)
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