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Nudging Electricity Consumption Using TOU Pricing and Feedback: Evidence from Irish Households. ESRI WP508. July 2015

Di Cosmo, Valeria and O'Hara, Denis and Devitt, Niamh (2015) Nudging Electricity Consumption Using TOU Pricing and Feedback: Evidence from Irish Households. ESRI WP508. July 2015. [Working Paper]

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    Abstract

    This paper analyses the electricity usage of 5,000 Irish residential consumers in response to the introduction of TOU tariffs and three different forms of financial feedback: immediate feedback from in-home displays (IHD), monthly billing and bimonthly billing. Half- hourly data on consumption collected during the trial indicated that TOU tariffs reduced consumption at peak, with some reductions lasting beyond the end of the peak period and post-peak spikes in usage were not observed. IHD feedback resulted in the most reliable reductions and bimonthly billing the least. Households with greater education used the information associated to the TOU tariffs slightly better than the average.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > energy policy (Including international arena)
    Countries > Ireland
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 10 Jul 2017 13:06
    Number of Pages: 24
    Last Modified: 10 Jul 2017 13:06
    URI: http://aei.pitt.edu/id/eprint/88120

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