Energy efficiency — Forgotten half of competition
Check out this highly interesting project of Wuppertal Institute.
Wuppertal Institute – Energy Efficiency Economics is the main rationale for the liberalisation of the European electricity and gas markets. Energy supply is expected to become more efficient, overcapacities are supposed to vanish over time. Customers would benefit from lower prices for a unit of energy due to the competition between energy suppliers. But is a competition for cheap kiloWatt-hours sufficient for attaining a sustainable energy system, combining respect for the environment and for social matters with economic efficiency?
The answer is NO. Liberalisation of the electricity and gas markets is focussing on one half of the competition and “forgets” the other half: the competition between energy supply on the one side, and efficient final use of energy on the other.