Estimating the price premium of high energy-efficient washing-machines in Spain: A hedonic approach

The study finds that consumers in Spain pay an 11% price premium for high energy-efficiency washing machines, an increase from 4.15% in 2012. Using a hedonic price model on 739 market observations, the authors identify that brand reputation, spin-drying performance, and built-in designs are also significant price drivers.

• Consumers in Spain pay a price premium of 11% for high energy-efficiency washing machines (defined as A+++ with a 10% to 70% reduction in energy consumption) compared to machines with the same characteristics but lower energy efficiency.
• The 11% price premium for high energy-efficiency washing machines equates to approximately €67 based on the average market price of €612.60 in Spain.
• The price premium for high energy-efficiency washing machines in Spain has increased by more than 5% between 2012 and 2019, rising from a 2012 estimate of 4.15% (€19.79).
• Brand reputation is the most significant driver of price premiums; MIELE has the highest premium at 49%, followed by SMEG (36%), AEG (11%), and SIEMENS (6%), while brands like BEKO and HAIER have negative effects on price.
• Specific technical attributes significantly impact price: class A spin-drying performance increases prices by approximately 33%, built-in models are 31% more expensive, and higher capacity increases prices by 8.1%.
• Certain attributes have a negative impact on price: white washing machines cost 15.5% less than non-white ones, and high-speed spin noise reduces price by 3.2%.
• Point of sale influences pricing, with machines from online catalogues and El Corte Inglé being 18% and 15% more expensive respectively, while supermarket websites are 6% cheaper.
• The price premium for energy efficiency in washing machines is generally lower than for refrigerators and TVs, which the authors attribute to the higher frequency of use for those appliances.

APA

López-Bernabé, E., de Ayala, A., & Galarraga, I. (2022). Estimating the price premium of high energy-efficient washing-machines in Spain: A hedonic approach. Basque Centre for Climate Change. https://www.bc3research.org/h6T8Uy8Nm4gFs0O/20220706110529768725312.pdf

Chicago

López-Bernabé, Elena, Amaia de Ayala, and Ibon Galarraga. Estimating the price premium of high energy-efficient washing-machines in Spain: A hedonic approach. Basque Centre for Climate Change, 2022. https://www.bc3research.org/h6T8Uy8Nm4gFs0O/20220706110529768725312.pdf.

Wikipedia

{{cite report |last1=López-Bernabé |first1=Elena |last2=de Ayala |first2=Amaia |last3=Galarraga |first3=Ibon |title=Estimating the price premium of high energy-efficient washing-machines in Spain: A hedonic approach |publisher=Basque Centre for Climate Change |date=June 2022 |url=https://www.bc3research.org/h6T8Uy8Nm4gFs0O/20220706110529768725312.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{lpezbernab2022estimating, author = {López-Bernabé, Elena and de Ayala, Amaia and Galarraga, Ibon}, title = {{Estimating the price premium of high energy-efficient washing-machines in Spain: A hedonic approach}}, institution = {Basque Centre for Climate Change}, year = {2022}, month = jun, url = {https://www.bc3research.org/h6T8Uy8Nm4gFs0O/20220706110529768725312.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }