Smart meters as an opportunity to motivate households for energy savings? Designing innovative policy instruments based on the coupling of smart meters and non-financial incentives
AbstractThe process of deploying smart meters in EU’s households is following its course. Cost-benefit analyses are being carried out in Member States and new Directives are replacing the one that gave the initial impulse. However, throughout this process, smart meters are always presented as a way to reduce customer energy consumption. This makes potential energy savings in households a crucial element in the debate. But what is the rationale to expect energy savings in households and how are those savings evaluated? A major strand of research in this field has investigated to which extent the feed-back provided by smart meters could lead to behavioural changes or investment decisions that could, in turn, lower energy consumption. However, there is another dimension to the matter which has, in our view, not received the attention it deserves. This dimension revolves around households’ motivation to actually use the feed-back and advices provided in order to lower their energy consumption. Besides, how this motivation could be sustained over time is also a crucial issue, as some studies show that energy savings tend to fade with time. This paper is addressing the possibility to use the smart meter infrastructure to motivate households for energy savings. It is centred on the design of innovative policy instruments that couple non-financial incentives (complementary currencies) to smart meters. Indeed, non-financial incentives have specific features in terms of symbolic value, social dimension, limitation of the rebound effect and “green challenge” that could initiate and sustain household motivation over time. A form of regulatory architecture is also explored, as well as the coupling with a market-based financial incentive inspired by the concept of white certificates with households as obliged actors.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by ULB -- Universite Libre de Bruxelles in its series Working Papers CEB with number 13-008.
Length: 29 p.
Date of creation: 24 Jan 2013
Date of revision:
Publication status: Published by:
Contact details of provider:
Postal: CP114/03, 42 avenue F.D. Roosevelt, 1050 Bruxelles
Phone: +32 (0)2 650.48.64
Fax: +32 (0)2 650.41.88
Web page: http://difusion.ulb.ac.be
More information through EDIRC
Energy savings; energy policy; behavioural change; smart metering; complementary currency;
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statistics
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Benoit Pauwels).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.