Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203222
Authors: 
Kudela, Peter
Herman, Dominik
Irsova, Zuzana
Year of Publication: 
2019
Series/Report no.: 
IES Working Paper 04/2019
Abstract: 
The European Union has recently decided to stop the policy of biannual clock changes in 2021. One reason is that the original rationale for the policy, energy savings, is not supported by a large portion of recent empirical studies. Whether the new permanent time will be standard time or the former daylight saving time has not been decided. Evidence on energy savings from daylight saving time is countryspecific, and each country may choose its own time. We examine the effects of the policy in a country for which no studies on daylight saving exist, Slovakia. Using hourly data from the 2010-2017 period, we apply a difference-in-differences approach and estimate energy savings to equal 0.8% of annual electricity consumption. Alternatively, extrapolating the effect from the results of a previous meta-analysis (on different countries), for Slovakia we obtain an even smaller estimate, unlikely to exceed 0.5%. Moreover, our findings suggest that daylight saving time smooths the electricity demand curve.
Subjects: 
Daylight saving time
electricity consumption
peak demand
Slovakia
JEL: 
C54
Q41
Q48
Document Type: 
Working Paper
Social Media Mentions:

Files in This Item:
File
Size
998.36 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.