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Evaluating the role of energy efficiency labels in the prices of household appliances: the case of refrigerators
The study finds that A+ labeled refrigerators in the Basque Autonomous Community carry a price premium of 8.9% (approximately 60 euro) over A labeled models. This market premium is only one third of the potential lifetime energy savings (163 euro), illustrating the 'energy efficiency paradox'. The authors conclude that demand for the most energy-efficient refrigerators is highly sensitive to price changes, suggesting that subsidies of around 60 euro could be sufficient to encourage consumers to switch to high-efficiency models.
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Document type: Policy brief
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