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Climate and Environment

Urszula Papajak
Freelance Journalist

Passionate about solutions that empower citizens in their fight for energy democracy. She will be curating an online discussion about the current energy transition, covering news on smart grid developments, new regulatory solutions supportive of citizen-owned renewable energy and much more.

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piqer: Urszula Papajak
Monday, 18 September 2017

Buying Energy Is Five Times More Expensive Than Saving It

Every time I hear that energy efficiency investment is too expensive or that it is not an economic choice, I wonder if I’ll ever fully understand the rules of today's energy market.

Not to oversimplify things, but here are the numbers: the cost of energy efficiency improvements delivered through public policies are typically around 2 cents (€) per kWh which is well below the cost of supplied energy. 

The data (cited in this and many other articles) clearly shows that it is much cheaper to save one unit of energy than it is to supply one unit of energy.

How do we then end up with a policy framework that doesn't take advantage of those numbers? How do we land with regulations that validate the argument that the cheaper solution is actually more expensive?

“Now is the time to get serious about energy efficiency and put in place an ambitious EU policy framework that helps us achieve the Paris Agreement, reduce bills and energy poverty, and stimulate the economy” states this article. Worth a read I would say.

Buying Energy Is Five Times More Expensive Than Saving It
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