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Competent retrofitting policy and inflation resilience: The cheapest energy is that which you don't use

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  • Morgan, J.
  • Chu, C.M.
  • Haines-Doran, T.

Abstract

Given that it is widely acknowledged that the cheapest energy is that which you don't use, we take a tangential approach to issues of energy prices and inflation and focus on energy efficiency policy that reduces demand at source. Our focus is housing retrofitting from an institutional or framework perspective. We briefly set out what retrofitting is (since this is a moving target), and what the need for it is in the UK. We then focus on the Climate Change Committee's current assessment of policy. This brings to the fore the government's minimalist approach to ‘developing a market’. We argue that this approach invokes an individualised market psychology which is both conceptually and practically problematic, given the need for urgency and the current situation of inflation and uncertainty. We conclude by suggesting a fundamental rethink is required.

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  • Morgan, J. & Chu, C.M. & Haines-Doran, T., 2023. "Competent retrofitting policy and inflation resilience: The cheapest energy is that which you don't use," Energy Economics, Elsevier, vol. 121(C).
    • Handle: RePEc:eee:eneeco:v:121:y:2023:i:c:s0140988323001469
    DOI: 10.1016/j.eneco.2023.106648
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