Rebate as an economic instrument for promoting building energy efficiency in Hong Kong

F. W.H. Yik; Wai Ling Lee

doi:10.1016/j.buildenv.2004.10.007

Rebate as an economic instrument for promoting building energy efficiency in Hong Kong

F. W.H. Yik, Wai Ling Lee

The Hong Kong Polytechnic University

Research output: Journal article publication › Journal article › Academic research › peer-review

3 Citations (Scopus)

Abstract

Economic principles have been applied to elicit the conditions under which there will be benefit to power companies in offering rebates to consumers to encourage them to adopt energy saving measures. The analysis also provides an answer to how rebate rate should be determined to maximise social benefit. However, the analysis of the rebate-based demand side management (DSM) programmes launched by the two power companies in Hong Kong in the year 2000 showed that the prerequisite conditions that would permit the power companies to derive benefits from the programmes were unlikely to exist. This suggests that use of this economic instrument for promoting energy efficiency requires governmental influence; it will not emerge solely as a commercial decision of the power companies in Hong Kong.

Original language	English
Pages (from-to)	1207-1216
Number of pages	10
Journal	Building and Environment
Volume	40
Issue number	9
DOIs	https://doi.org/10.1016/j.buildenv.2004.10.007
Publication status	Published - 1 Sept 2005

Keywords

Demand side management
Economics
Energy efficiency
Rebate

ASJC Scopus subject areas

Environmental Engineering
Civil and Structural Engineering
Geography, Planning and Development
Building and Construction

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.buildenv.2004.10.007

Cite this

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AB - Economic principles have been applied to elicit the conditions under which there will be benefit to power companies in offering rebates to consumers to encourage them to adopt energy saving measures. The analysis also provides an answer to how rebate rate should be determined to maximise social benefit. However, the analysis of the rebate-based demand side management (DSM) programmes launched by the two power companies in Hong Kong in the year 2000 showed that the prerequisite conditions that would permit the power companies to derive benefits from the programmes were unlikely to exist. This suggests that use of this economic instrument for promoting energy efficiency requires governmental influence; it will not emerge solely as a commercial decision of the power companies in Hong Kong.

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ER -

Rebate as an economic instrument for promoting building energy efficiency in Hong Kong

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

More information

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