Consumer Preferences for Smart Energy Services Based on AMI Data in the Power Sector

Hye-Jeong Lee, Beom Jin Chung and Sung-Yoon Huh ()
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Hye-Jeong Lee: Department of Future Energy Convergence, Seoul National University of Science & Technology, 232 Gongreung-Ro, Nowon-Gu, Seoul 01811, Republic of Korea
Beom Jin Chung: Research Center of Electrical and Information Technology, Seoul National University of Science & Technology, 232 Gongreung-Ro, Nowon-Gu, Seoul 01811, Republic of Korea
Sung-Yoon Huh: Department of Future Energy Convergence, Seoul National University of Science & Technology, 232 Gongreung-Ro, Nowon-Gu, Seoul 01811, Republic of Korea

Energies, 2023, vol. 16, issue 9, 1-20

Abstract: Advanced metering infrastructure (AMI) is becoming increasingly popular as an efficient means of energy demand management. By collecting energy data through AMI, it is possible to provide users with information that can induce them to change their behavior. To ensure that AMI continues to expand and to encourage the use of energy data, it is important to increase consumer participation and analyze their preferred service attributes. This study utilized a choice experiment to analyze consumer preferences for and acceptance of smart energy services based on AMI data. The results of a mixed logit model estimation show that consumers prefer the electricity information service for individual households and the social safety-net service among convergence services. A scenario analysis confirms that monetary compensation to offset any additional charges is important to maintain the level of consumer acceptance. These empirical findings offer insights for policymakers and companies seeking to develop policies and similar services.

Keywords: smart energy service; willingness to pay; stated preference techniques; choice experiment (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2023
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