The impact of advanced metering infrastructure on residential electricity consumption: Evidence from California

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: EWI Working Paper ; No. 17/08

Classification and Topics

• Classification: Wirtschaft ; Design of Experiments: Laboratory, Individual ; Consumer Economics: Theory ; Consumer Economics: Empirical Analysis ; Household Saving; Personal Finance ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
• Subject: behavioral economics ; bounded rationality ; energy conservation ; informational feedback ; smart meters ; residential electricity consumption

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Paschmann, Martin Heinrich ; Paulus, Simon
• Event: Veröffentlichung
• (who): Institute of Energy Economics at the University of Cologne (EWI)
• (where): Köln
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/172838
• Last update: 10.03.2025, 11:42 AM CET