By Isamu Matsukawa
This ebook offers an in-depth empirical research of shopper reaction to substitute regulations for power conservation. Its major concentration is on leading edge coverage tools that experience attracted expanding cognizance from teachers and effort conservation practitioners alike: severe height pricing, conservation requests, in-home monitors, and residential strength studies. The e-book investigates the results of those coverage tools on residential call for for electrical energy. the information is drawn from a chain of randomized box experiments for the years 2012–2013 in Japan, the place critical issues approximately strength shortages have emerged within the wake of the nuclear catastrophe in Fukushima. by way of utilising econometric suggestions to the quantitative research of residential energy intake, the booklet demonstrates how shoppers reply to leading edge tools for power conservation. It additionally bargains new views on how those tools can be utilized extra successfully and explores the potential of their useful implementation. This hugely informative e-book is key interpreting for power experts in either educational contexts.
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Additional info for Consumer Energy Conservation Behavior After Fukushima: Evidence from Field Experiments
1993b) is chosen as a speciﬁcation of the electricity expenditure function for households. An LA/AIDS 3 Consumer Response to Critical Peak Pricing of Electricity … 30 model, which has been widely applied in empirical studies, is flexible in the sense that there are no restrictions on substitution. Another attractive feature of an LA/AIDS model is that the underlying structures associated with an indirect utility function are known and a theoretically consistent measurement of welfare is possible.
Speciﬁcally, for household i on day t, the expenditure share for the peak period, Sp,i,t, is given by À Á pp;i;t Yi;t Sp;i;t ¼ ap þ a1 REQi;t þ bpp þ a2 DHi log þ hp log þ xt þ vi þ ui;t po;i;t Pi;t ð3:2Þ where REQi,t: dummy variable equal to 1 if household i receives a conservation request on day t, DHi: dummy variable equal to 1 if household i received an HER before the third or last experiment, xt: time ﬁxed effects, vi: household ﬁxed effects, and ui,t: error term. The denominator of Yi,t in Eq.
The estimation results of the daily time-of-day electricity consumption model indicate statistically signiﬁcant and persistent effects of IHD use on residential electricity consumption. The increase in IHDs’ effects along with households’ experience of using IHDs implies that households’ capacity to process information could be improved by the repetition of attention to electricity information. Contrary to the energy-conservation literature, IHD usage was found to consistently increase residential electricity consumption because of a boomerang effect.