The Impact of Advanced Metering Infrastructure on Residential Electricity Consumption - Evidence from California
Martin Paschmann and
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Martin Paschmann: Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)
Simon Paulus: Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)
No 2017-8, EWI Working Papers from Energiewirtschaftliches Institut an der Universitaet zu Koeln (EWI)
One important pillar in the debate about energy-saving measures addresses energy conservation. In this paper, we focus on the deployment of advanced metering infrastructure to reduce the impact of limited information and bounded rationality of consumers. For California, we empirically analyze the influence of a statewide and policy-driven installation of advanced metering infrastructure. We apply synthetic control methods to derive a suitable control group. We then conduct a Difference-in-Differences estimation and find a significant negative impact of smart meters on monthly residential electricity consumption that ranges from 6.1 to 6.4%. Second, such an impact only occurs in non-heating periods and does not fade out over the analyzed time period.
Keywords: Behavioral Economics; Bounded Rationality; Energy Conservation; Informational Feedback; Smart Meters; Residential Electricity Consumption (search for similar items in EconPapers)
JEL-codes: C91 D11 D12 D14 D83 (search for similar items in EconPapers)
Pages: 31 pages
New Economics Papers: this item is included in nep-ene and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ewikln:2017_008
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