Leveraging the Smart Grid: The Effect of Real-Time Information on Consumer Decisions

Nicholas Rivers

No 127, OECD Environment Working Papers from OECD Publishing

Abstract: This report reviews the literature on the impact of real-time information provision on consumer decision-making. In addition, it describes the results of a study in which about 7000 households in Ontario, Canada were provided with in-home displays linked to smart meters that provided real-time feedback on electricity consumption. The results show that electricity consumption declines by about 3% as a result of information feedback, that the reduction in demand is sustained for at least five months, and that it is highly correlated with outdoor temperature.

Keywords: Electricity demand; energy conservation; information provision; time-of-use pricing (search for similar items in EconPapers)
JEL-codes: D12 L94 Q41 Q48 (search for similar items in EconPapers)
Date: 2018-03-01
New Economics Papers: this item is included in nep-ene and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:oec:envaaa:127-en

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