One way to reduce energy consumption – jack up the price!

Usually, governments attempt to reduce national energy consumption by educating the public on practical ways they can make changes around the home. Some offer incentive programs for making efficiency upgrades. Others pay for advertising campaigns – billboards, commercials, and free give-a-ways that remind you to “turn the lights out when you leave.” A select few countries, on the other hand, have chosen to take the opposite approach.

If you can’t get people to willingly curb their habits, jack up the price of electricity until people can no longer afford to be wasteful!

Both England and Wales increased the overall price of energy, and during a six-year span in which utility bills rose 28%, consumption dropped by 25%.

This information comes from a recent report out of the UK’s Office for National Statistics. The report cites residents throughout England and Wales who’ve made significant eco-improvements to their homes in order to combat rising energy costs. Back in 2008, a mere 44% of homes had proper roof insulation, compared to 60% last year. It’s no surprise that the jump corresponds with the U.K. giving consumers more incentive to purchase energy-efficient homes and appliances.

In a country mostly dependent upon natural gas for energy, many homes managed to make improvements to their waters heaters and air condition systems. After all, nobody wants to spoil that beautiful English countryside with more fracking drills and equipment.

The same sort of price-fixing is expected to occur in the United States sometime before the end of the decade.  According to the U.S. Energy Information Administration, levying home efficiency improvements will reduce the country’s energy usage per person annually until 2040.

In other parts of the world, leaders are coming together in hopes of figuring out other, less government-intense solutions. The heads of the Shanghai Environment Protection Industry Association and the China Clean Expo have agreed to collaborate on next year’s International Waste Management & Recycling Show. The show brings energy industry professionals together in an atmosphere geared towards.

Established back in 2002, the China Clean Expo is the country’s largest eco-friendly show, offering a unique trading and brainstorming atmosphere for waste management professionals. The expo showcases a wide array of technology and products, hoping one will prove to be the next big breakthrough. From waste processing and municipal equipment, to environment sanitation operations and processing technology – 2014’s event will have it all. Over 20,000 professionals and vendors from across the world are already expected to attend!

So, what’s the best way to change a bad habit: through reason, or a swift kick in the rear? It remains to be seen.

NRGLab is supporting the future of energy. For more information on our slate of projects currently in development, visit nrglab.asia.