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

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  • Peter A. Groothuis
  • Tanga McDaniel Mohr

Abstract

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.

Suggested Citation

  • Peter A. Groothuis & Tanga McDaniel Mohr, 2014. "Do Consumers Want Smart Meters? Incentives or Inertia: Evidence from North Carolina and Lessons for Policy," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 1).
    • Handle: RePEc:aen:eeepjl:3-1-a04
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    Cited by:

    1. Tsvetanov, Tsvetan, 2022. "The deterring effect of monetary costs on smart meter adoption," Applied Energy, Elsevier, vol. 318(C).
    2. Wang, Qingbin & Lewandowski, Samantha, 2016. "Are Smart Meters Being Used Smartly? A Case Study of Residential Electricity Customers in Vermont," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236144, Agricultural and Applied Economics Association.

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