Burden of the global energy price crisis on households

Overview

In this study, we used an environmentally extended multi-regional input–output (EEMRIO) approach to estimate both direct and indirect household energy costs. This model is able to reflect the short-term energy price transmission throughout global supply chains. In the short run, companies and households have only limited options to adjust their consumption patterns and underlying technological choices (for example, switch from a gas burner to solar photovoltaics) as they are locked into their past technology choices and thus their current energy use. Compared with other models,…