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Smarter than metering? Coupling smart meters and complementary currencies to reinforce the motivation of households for energy savings

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  • Joachain, Hélène
  • Klopfert, Frédéric

Abstract

A crucial argument in the debate around smart meter deployment in the EU is the potential for households to save energy. One strand of research in this field has investigated the effects on household energy consumption of the feed-back provided by smart meters. However, another aspect that deserves attention is the motivation for households to use the feed-back to save energy. This paper explores how the emerging trend of using complementary currencies for sustainability policies could translate into new interventions adapted to the smart meter deployment and capable of promoting more autonomous forms of motivation compared to interventions using official currencies. Three systems designs (rewarding, regulatory and hybrid) are presented and discussed within the framework of self-determination theory. Because the rewarding system S1 can contribute positively people's basic needs for autonomy, competence and relatedness, it could lead to more autonomous forms of motivation. The conclusions regarding the regulatory system S2 are less clear, although the hybrid variant S3 that integrates mechanisms from the rewarding system into the regulatory system could be perceived as more consonant with people's basic need for autonomy.

Suggested Citation

  • Joachain, Hélène & Klopfert, Frédéric, 2014. "Smarter than metering? Coupling smart meters and complementary currencies to reinforce the motivation of households for energy savings," Ecological Economics, Elsevier, vol. 105(C), pages 89-96.
    • Handle: RePEc:eee:ecolec:v:105:y:2014:i:c:p:89-96
    DOI: 10.1016/j.ecolecon.2014.05.017
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    References listed on IDEAS

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    1. Larue, Louis & Meyer, Camille & Hudon, Marek & Sandberg, Joakim, 2022. "The Ethics of Alternative Currencies," Business Ethics Quarterly, Cambridge University Press, vol. 32(2), pages 299-321, April.
    2. Schubert, Christian, 2017. "Green nudges: Do they work? Are they ethical?," Ecological Economics, Elsevier, vol. 132(C), pages 329-342.
    3. Pon, Shirley, 2015. "Effectiveness of Real Time Information Provision with Time of Use Pricing," FCN Working Papers 8/2015, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised Oct 2015.
    4. Jérôme Blanc & Marie Fare, 2016. "Turning values concrete: the role and ways of business selection in local currency schemes," Review of Social Economy, Taylor & Francis Journals, vol. 74(3), pages 298-319, September.
    5. Francisco Javier García-Corral & Jaime de Pablo-Valenciano & Juan Milán-García & José Antonio Cordero-García, 2020. "Complementary Currencies: An Analysis of the Creation Process Based on Sustainable Local Development Principles," Sustainability, MDPI, vol. 12(14), pages 1-22, July.
    6. Sylwia Słupik & Joanna Kos-Łabędowicz & Joanna Trzęsiok, 2021. "How to Encourage Energy Savings Behaviours? The Most Effective Incentives from the Perspective of European Consumers," Energies, MDPI, vol. 14(23), pages 1-25, November.
    7. Michel, Arnaud & Hudon, Marek, 2015. "Community currencies and sustainable development: A systematic review," Ecological Economics, Elsevier, vol. 116(C), pages 160-171.
    8. Cosmi, Carmelina & Dvarionenė, Jolanta & Marques, Isabel & Di Leo, Senatro & Gecevičius, Giedrius & Gurauskienė, Inga & Mendes, Gisela & Selada, Catarina, 2015. "A holistic approach to sustainable energy development at regional level: The RENERGY self-assessment methodology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 49(C), pages 693-707.
    9. Camille Meyer & Marek Hudon, 2017. "Alternative organizations in finance: commoning in complementary currencies," Working Papers CEB 17-015, ULB -- Universite Libre de Bruxelles.
    10. Reyns, Ariane, 2024. "What drives businesses to transact with complementary currencies?," Ecological Economics, Elsevier, vol. 220(C).
    11. Lia Marchi & Jacopo Gaspari, 2023. "Energy Conservation at Home: A Critical Review on the Role of End-User Behavior," Energies, MDPI, vol. 16(22), pages 1-22, November.
    12. Shirley Pon, 2017. "The Effect of Information on TOU Electricity Use: an Irish residential study," The Energy Journal, International Association for Energy Economics, vol. 0(Number 6).
    13. Jacopo Gaspari & Ernesto Antonini & Lia Marchi & Vincenzo Vodola, 2021. "Energy Transition at Home: A Survey on the Data and Practices That Lead to a Change in Household Energy Behavior," Sustainability, MDPI, vol. 13(9), pages 1-24, May.
    14. Bruno Nogueira Silva & Wesley Vieira Silva & Alvaro Fabiano Pereira Macêdo & Natallya Almeida Levino & Luciano Luiz Dalazen & Fabíola Kaczam & Claudimar Pereira Veiga, 2024. "A systematic review on social currency: a one-decade perspective," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(2), pages 636-652, June.
    15. Fujimi, Toshio & Kajitani, Yoshio & Chang, Stephanie E., 2016. "Effective and persistent changes in household energy-saving behaviors: Evidence from post-tsunami Japan," Applied Energy, Elsevier, vol. 167(C), pages 93-106.
    16. Shirley Pon, 2017. "The Effect of Information on TOU Electricity Use: An Irish Residential Study," The Energy Journal, , vol. 38(6), pages 55-79, November.
    17. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.
    18. Gordon Rausser & Wadim Strielkowski & Dalia Å treimikienÄ—, 2018. "Smart meters and household electricity consumption: A case study in Ireland," Energy & Environment, , vol. 29(1), pages 131-146, February.

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