Econonomics of Energy and Environmental Policy

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Do Consumers Want Smart Meters? Incentives or Inertia: Evidence from North Carolina and Lessons for Policy

In an effort to improve efficiency of electrical markets the U.S. government hopes to encourage changing household use patterns, such as dishwasher and clothes dryer use, to off-peak times. One strategy has been to subsidize the installation of smart meters. In addition the government has encouraged electrical energy conservation by providing incentives for energy saving technologies such as the purchase of energy star appliances or increased insulation in the home. Households have sometimes been slow to respond. Using a survey of public opinion, we explore which individuals are more likely to adopt energy saving technologies and smart meters. We also explore the incentives required to adopt smart meters in the home.
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JEL Codes:L94: Electric Utilities, D12: Consumer Economics: Empirical Analysis, O31: Innovation and Invention: Processes and Incentives

Keywords: Smart meters, Demand response, Energy conservation

DOI: 10.5547/2160-5890.3.1.pgro

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Published in Volume 3, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.


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