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Factors Contributing to Energy‐related Financial Stress in Australia

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  • Rohan Best
  • Paul J. Burke

Abstract

This paper quantifies factors affecting energy‐related financial stress in Australia, a key economic challenge facing a minority of households. We find that low net wealth is a particularly important factor affecting difficulty in paying energy bills. Having insulation reduces reported difficulties in being able to heat and cool homes. The odds of not paying energy bills on time are doubled by households not having solar panels. Other important factors contributing to energy‐related financial stress include being a renter, being a mortgage holder, having a large number of occupants in a household, and having a resident who requires energy‐consuming medical equipment.

Suggested Citation

  • Rohan Best & Paul J. Burke, 2019. "Factors Contributing to Energy‐related Financial Stress in Australia," The Economic Record, The Economic Society of Australia, vol. 95(311), pages 462-479, December.
    • Handle: RePEc:bla:ecorec:v:95:y:2019:i:311:p:462-479
    DOI: 10.1111/1475-4932.12504
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    Cited by:

    1. Best, Rohan, 2022. "Energy inequity variation across contexts," Applied Energy, Elsevier, vol. 309(C).
    2. Prakash, Kushneel & Awaworyi Churchill, Sefa & Smyth, Russell, 2022. "Are you puffing your Children's future away? Energy poverty and childhood exposure to passive smoking," Economic Modelling, Elsevier, vol. 114(C).
    3. Best, Rohan & Burke, Paul J., 2022. "Effects of renting on household energy expenditure: Evidence from Australia," Energy Policy, Elsevier, vol. 166(C).
    4. Best, Rohan & Hammerle, Mara & Mukhopadhaya, Pundarik & Silber, Jacques, 2021. "Targeting household energy assistance," Energy Economics, Elsevier, vol. 99(C).
    5. Fry, Jane M. & Farrell, Lisa & Temple, Jeromey B., 2022. "Energy poverty and retirement income sources in Australia," Energy Economics, Elsevier, vol. 106(C).
    6. Hammerle, Mara & Burke, Paul J., 2022. "From natural gas to electric appliances: Energy use and emissions implications in Australian homes," Energy Economics, Elsevier, vol. 110(C).
    7. Rohan Best & Paul J. Burke & Rabindra Nepal & Zac Reynolds, 2021. "Effects of rooftop solar on housing prices in Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 65(3), pages 493-511, July.
    8. Best, Rohan & Chareunsy, Andrea & Taylor, Madeline, 2023. "Changes in inequality for solar panel uptake by Australian homeowners," Ecological Economics, Elsevier, vol. 209(C).
    9. Best, Rohan & Li, Han & Trück, Stefan & Truong, Chi, 2021. "Actual uptake of home batteries: The key roles of capital and policy," Energy Policy, Elsevier, vol. 151(C).
    10. Chai, Andreas & Ratnasiri, Shyama & Wagner, Liam, 2021. "The impact of rising energy prices on energy poverty in Queensland: A microsimulation exercise," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 57-72.
    11. Rohan Best & Noura Saba, 2021. "Quantifying Australia’s Gender Superannuation Gap," The Economic Record, The Economic Society of Australia, vol. 97(318), pages 410-423, September.
    12. Best, Rohan & Chareunsy, Andrea & Li, Han, 2021. "Equity and effectiveness of Australian small-scale solar schemes," Ecological Economics, Elsevier, vol. 180(C).
    13. Awaworyi Churchill, Sefa & Smyth, Russell, 2021. "Locus of control and energy poverty," Energy Economics, Elsevier, vol. 104(C).
    14. Best, Rohan & Sinha, Kompal, 2021. "Fuel poverty policy: Go big or go home insulation," Energy Economics, Elsevier, vol. 97(C).
    15. Best, Rohan, 2022. "Household wealth of tenants promotes their solar panel access," Economic Modelling, Elsevier, vol. 106(C).

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