Preferences for demand side management—a review of choice experiment studies

Bernadeta Gołębiowska ()
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Bernadeta Gołębiowska: Faculty of Economic Sciences, University of Warsaw

No 2020-05, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: This review of choice experiment (CE) studies deals with the valuation of electricity supply attributes in the residential sector. We consider the willingness to pay and the willingness to accept changes in the electricity supply. The results could be used to determine consumers’ preferences for demand-side management (DSM) programs and could serve as a reference for formulating policies. DSM is an option for constructing a low-carbon electricity system, improving energy efficiency, and achieving the sustainable development of an economy. The results from CEs justify investment in new solutions. The research shows that consumers are open to DSM, but they prefer simple programs to complex ones. Decision-makers could introduce DSM programs that enable power outages and provide compensation for households. The societal advantages of DSM are not obvious to consumers, so the implementation of DSM requires communication and more research on peoples’ preferences.

Keywords: choice experiments; demand-side management; energy; households; review (search for similar items in EconPapers)
JEL-codes: C25 D19 Q41 Q48 (search for similar items in EconPapers)
Pages: 50 pages
Date: 2020
New Economics Papers: this item is included in nep-dcm, nep-ene, nep-exp and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2020-05

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