Encouraging Energy Efficiency Among Residents of Smart and Green Buildings

Véronique Flambard, Josias Kpoviessi () and Rustam Romaniuc ()
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Rustam Romaniuc: Université Bourgogne Franche-Comté

A chapter in Organizing Smart Buildings and Cities, 2021, pp 141-157 from Springer

Abstract: Abstract Energy is an important aspect of a building that is monitored in real-time in smart and green buildings. Smart metering information systems provide new monitoring tools to encourage a two-way interaction between the building manager and its residents. Dynamic energy pricing; incentives; feedbacks or nudges can be introduced to encourage energy demand reduction and energy efficiency. We study the impact of a bonus system to reward responsible consumption of energy in the controlled environment of a lab experiment. Our results show that the bonuses act as focal points for subjects in their energy consumption. The least virtuous residents all reached the second bonus anchor. However, the intrinsic motivation of the soberest residents is partially crowded out by the bonus, stressing out the importance of taking into consideration behavioural factors. We conclude with policy recommendations.

Keywords: Energy conservation; Financial incentives; Experimental economics; Environmental awareness; Smart metering information systems (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnichp:978-3-030-60607-7_9

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DOI: 10.1007/978-3-030-60607-7_9

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