Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/172838
Authors: 
Paschmann, Martin Heinrich
Paulus, Simon
Year of Publication: 
2017
Series/Report no.: 
EWI Working Paper 17/08
Abstract: 
One important pillar in the debate about energy-saving measures addresses energy conservation. In this paper, we focus on the deployment of advanced metering infrastructure to reduce the impact of limited information and bounded rationality of consumers. For California, we empirically analyze the influence of a statewide and policy-driven installation of advanced metering infrastructure. We apply synthetic control methods to derive a suitable control group. We then conduct a Difference-in-Differences estimation and find a significant negative impact of smart meters on monthly residential electricity consumption that ranges from 6.1 to 6.4%. Second, such an impact only occurs in non-heating periods and does not fade out over the analyzed time period.
Subjects: 
behavioral economics
bounded rationality
energy conservation
informational feedback
smart meters
residential electricity consumption
JEL: 
C91
D11
D12
D14
D83
Document Type: 
Working Paper

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