Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/192038
Title: INVESTIGATING THE IMPACT OF TIME-OF-USE TARIFFS AND INFORMATION STIMULI ON ELECTRICITY CONSUMPTION
Authors: CHAN YU WAI, WILSON
Keywords: Time-of-use tariffs
Information provision
Electricity consumption
Issue Date: 5-Apr-2021
Citation: CHAN YU WAI, WILSON (2021-04-05). INVESTIGATING THE IMPACT OF TIME-OF-USE TARIFFS AND INFORMATION STIMULI ON ELECTRICITY CONSUMPTION. ScholarBank@NUS Repository.
Abstract: In 2011, Ireland’s Commission for Energy Regulation (CER) conducted a randomised controlled trial, which collected panel data containing half-hourly records of electricity usage from July 2009 to December 2010, and survey responses capturing important demographic and socioeconomic information. Thus, I utilise a difference-in-differences regression framework on this dataset to compare the effects of four different time-of-use tariff structures, and three combinations of various information stimuli (bimonthly billing, monthly billing, and in-home display monitors) on household electricity usage. I find that the price and information treatments reduce day and peak electricity consumption. In-home display monitors generally elicit larger decreases in usage than other forms of stimuli, while the effects of tariff structures exhibit a nonlinear trend. Heterogeneity in household reactions is also discernible. Both price and information effects are generally stronger amongst households whose chief income earner is employed or highly educated, households with children, and households who exhibit pro-environmental attitudes.
URI: https://scholarbank.nus.edu.sg/handle/10635/192038
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