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Impact Study to Determine the Expected Effect of the Introduction and Implementation of an Energy Efficiency Labelling Scheme
This study provides a valuable modelling tool to measure the ex-ante mid- and long-term impacts of the implementation of energy efficiency labelling programs and to trace and evaluate the actual impacts once implemented, particularly with respect to the degree of penetration of the efficiency measures. The tracking of the labelling programs is an important factor for their success, because it facilitates adjustments on a timely manner to enhance the program’s performance. The outcomes of the performed activities and research indicate that the implementation of energy efficiency programs can be cost-effective, both at the aggregate level and from the point of view of the consumer. The impacts are highly dependent on the energy landscape in each country, mainly with respect to the tariff level (to induce changes in the consumer’s behaviour), the market size and the composition of the electricity generation fleet (with respect to fuel consumption and greenhouse gas emissions).
Although measuring the impacts of energy efficiency labelling schemes is very demanding of statistical data, the modelling tool is flexible enough in this regard and it can be extended to the rest of the countries of the CARICOM.
Moreover, the modelling tool has the advantage of providing a standard procedure to measure the impacts of labelling programs and to conduct benchmark analysis amongst countries. In turn, this standardization could positively influence the data collection and maintenance of statistical series. CARICOM currently has a very important instrument to improve information in the region through the CARICOM Energy Knowledge Hub (CEKH), administered by the CCREEE. The cooperation amongst the 14 countries in the provision of the necessary information and the exchange of experiences (e.g., labelling plan) to maintain an updated database could enrich the studies in the future.