How smart are electricity users with ‘Smart Metering’? A Behavioural Economics experiment

@inproceedings{Bager2015HowSA,
  title={How smart are electricity users with ‘Smart Metering’? A Behavioural Economics experiment},
  author={Simon Laursen Bager and T Luis Mundaca},
  year={2015}
}
The purpose of this paper is to examine how behavioural biases affect consumers’ response to energy-use information provided through smart meters (SM). We take insights from behavioural economics and carry out two real-life experiments with SMs and electricity users. The experiments were conducted in Copenhagen (Denmark) to identify and assess the potential of two economic behavioural biases, salience and loss aversion. The results of the first experiment (i.e. installation of SM without… CONTINUE READING

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