Economics at your fingertips  

Evaluation of energy saving effects of tiered electricity pricing and investigation of the energy saving willingness of residents

Ya Wu and Li Zhang

Energy Policy, 2017, vol. 109, issue C, 208-217

Abstract: The effects of tiered electricity pricing (TEP) on the energy saving willingness of residents and household electricity consumption behaviour are qualitatively studied through a social investigation in Guangdong, China. Furthermore, an autoregressive integrated moving average model (ARIMA model) is constructed using monthly electricity consumption data of residents in Guangdong to quantify the effects of implementing a TEP policy on energy saving. Meanwhile, to explore the opportunities for improving the policy, this research uses an ordered probit model to study the factors influencing the energy saving willingness of residents based on explanatory variables, such as personal characteristics, living conditions, etc. The empirical results demonstrate that, after the implementation of TEP, energy saving awareness among women is higher than that among men. With increasing levels of educational attainment, or having a family, energy saving awareness gradually increases. In addition, there is a U-type relationship between age and energy saving awareness, while a reciprocal U-type is present between income and energy saving awareness. Meanwhile, the housing ownership type (self-occupation or rental) is also closely related to the energy saving awareness of residents. Finally, according to the above research results, suggestions are put forward to improve the TEP policy.

Keywords: Tiered electricity pricing; Energy saving effects; Energy saving awareness; Autoregressive integrated moving average model; Ordered probit model (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2018-12-22
Handle: RePEc:eee:enepol:v:109:y:2017:i:c:p:208-217