The Rebound Effect in Residential Electricity Use: Evidence from a Propensity Score Matching Estimator

Kenichi Mizobuchi and Kenji Takeuchi

No 1639, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: By combining the propensity score matching with the difference-in-differences method, we examine the change in household electricity consumption that might be caused by the replacement of air-conditioners. The result suggests that the replacement to energy-efficient air-conditioners might decrease power consumption, especially in spring and summer. Furthermore, based on our estimation result, we calculate the size of the rebound effect monthly. The size of the rebound varies considerably with the seasons. We found positive rebound in summer (8% to 22% in August) and winter (134% to 192% in December and January). On the other hand, negative rebound, implying that the actual power-saving effect is greater than the expected saving effect, was found in mild-climate seasons (?3% to ?129%). The average size of the rebound is positive and ranges between 45% and 58%.

Keywords: Fractal geometry; Hurst exponent; market efficiency; chaos (search for similar items in EconPapers)
JEL-codes: C18 E39 G14 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2016-10
New Economics Papers: this item is included in nep-ene and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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