Exploring the drivers of energy-related financial literacy: evidence from West Bengal, India

Sumit Kumar Maji and Puja Chakraborty

Indian Growth and Development Review, 2026, vol. 19, issue 2-3, 269-288

Abstract: PurposeThe purpose of the study is to make an original effort to explore the level of Energy-related financial literacy (ERFL) and its determinants in the context of India’s emerging economy.Design/methodology/approachThe study is based on primary data collected from a household-level survey carried out in selected regions of West Bengal. ERFL was measured using the methodology proposed by Blasch et al. (2018). The generalised structural equation model was used to unfold the antecedents of ERFL.FindingsThe study’s outcome revealed a moderate level of ERFL (63%) among the sample households, primarily driven by a high FL score (71%). Very poor performance was observed in LCCL. EL was also observed to be moderate. The study’s findings highlighted that gender, decision-making power within the family, education, occupation, age, income level and the size of the house were the major antecedents of ERFL and its constituents.Originality/valueThis article contributes to the small but growing body of scholarship on ERFL. To the best of the authors’ knowledge, this is the first original attempt to explore ERFL and its determinants in the Indian context.

Keywords: Energy literacy; Financial literacy; Lifecycle cost literacy; Energy-related financial literacy (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:eme:igdrpp:igdr-11-2024-0190

DOI: 10.1108/IGDR-11-2024-0190

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