Empower the Consumer! Energy-related Financial Literacy and its Implications for Economic Decision Making

Funding

This paper is based on data collected within the EU H2020 Project “PENNY” (Psychological social & financial barriers to energy efficiency). We acknowledge financial support from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 723791 - project PENNY “Psychological, social and financial barriers to energy efficiency”, and financial support from the Swiss State Secretariat for Education, Research and Innovation (SERI) under contract number 16.0087. We would like to thank Cristina Catta-neo, Angela Ruepert, Ellen van der Werff and Linda Steg for the collaboration in collecting the survey data used in this study. Furthermore, we would like to thank the utilities that cooperated during the data collection process. This research is also part of the activities of SCCER CREST, which is financially supported by the Swiss Commission for Technology and Innovation (CTI) / Innosuisse. The authors would also like to thank participants at the 11th International Workshop on “Empirical Methods in Energy Economics”, the 8th Atlantic Workshop on Energy and Environmental Economics and the 5th European Conference on Behaviour and Energy Efficiency for helpful suggestions. The opinions expressed and arguments employed herein do not necessarily reflect the official views of the Swiss Government nor the European Commission. All omissions and remaining errors are the authors’ responsibility.