10.5286/UKERC.EDC.000536
Frontier Economics
UK Energy Research Centre Energy Data Centre (UKERC EDC)
Value Management - Overcoming barriers to smarter heat solutions in UK homes. Annex 2b: Cost benefit analysis of policies
ETI
2015
Smart Systems and Heat
ENERGY EFFICIENCY (Residential and commercial)
OTHER CROSS-CUTTING TECHNOLOGIES or RESEARCH (Other Supporting Data)
en
Text
pdf
This project studied how value can be delivered across a smart energy value chain - in the context of the UK. It built a clear understanding of how smart energy systems can deliver combined consumer value alongside commercial value for market participants - producers, suppliers, distributors.The analysis will help to make the commercial deployment of smart energy systems more likely. This £600,000 project was delivered by Frontier Economics, a leading economic consultancy.<br /><br />The final report has 11 annexes. This is Annex 2b: Cost benefit analysis of policies, and provides a quantitative appraisal of the five policies highlighted as being promising in our evaluation of policy options(annexe 2a):<ul><li>stamp duty rebates;</li><li>council tax rebates;</li><li>grants;</li><li>including energy bills in headline rental prices; and</li><li>a package of regulation and support for district heat.</li></ul><p>Policies such as these will succeed or fail based on their ability to overcome barriers to the take up of low-carbon heating interventions. As many of these barriers are intrinsically difficult to model, many of the most useful insights from this exercise are qualitative in nature, and these are summarised.<br /><br />In the remainder of this document, we set out the framework used for the quantitative analysis, and present results for each policy in turn.<br /><br />This document was prepared at the time to contribute to ETI internal thinking and planning only.<!-- CO2 -->