Toward an Understanding of the Economics of Prosumers: Evidence from a Natural Field Experiment

John List, Ioannis C. Pragidis and Michael Price

No 32837, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Prosumers are becoming increasingly important in global energy consumption and production. We partner with an energy service provider in Sweden to explore the economics facing such agents by conducting a natural field experiment over a 32-month period. As a policy instrument, we explore how simple nudges affect choices on both the consumption and production sides. Importantly, with the added flexibility to influence both sides of the market, and with a rich data set that permits an analysis of intraday, intraweek, and seasonal variation, we can detail effects on overall conservation efforts, intertemporal substitution, load shifting, and net purchases from the grid. The overarching theme is that nudges have the potential to have an even greater impact on the energy market with prosumers compared to their portmanteau components.

JEL-codes: C93 D9 Q4 (search for similar items in EconPapers)
Date: 2024-08
New Economics Papers: this item is included in nep-ene, nep-exp, nep-nud and nep-reg
Note: EEE PE
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