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The Rebound Effect in Residential Electricity Use: Evidence from a Propensity Score Matching Estimator

Author

Listed:
  • Kenichi Mizobuchi

    (Department of Economics, Matsuyama University)

  • Kenji Takeuchi

    (Graduate School of Economics, Kobe University)

Abstract

By combining the propensity score matching with the difference-in-differences method, we examine the change in household electricity consumption that might be caused by the replacement of air-conditioners. The result suggests that the replacement to energy-efficient air-conditioners might decrease power consumption, especially in spring and summer. Furthermore, based on our estimation result, we calculate the size of the rebound effect monthly. The size of the rebound varies considerably with the seasons. We found positive rebound in summer (8% to 22% in August) and winter (134% to 192% in December and January). On the other hand, negative rebound, implying that the actual power-saving effect is greater than the expected saving effect, was found in mild-climate seasons (?3% to ?129%). The average size of the rebound is positive and ranges between 45% and 58%.

Suggested Citation

  • Kenichi Mizobuchi & Kenji Takeuchi, 2016. "The Rebound Effect in Residential Electricity Use: Evidence from a Propensity Score Matching Estimator," Discussion Papers 1639, Graduate School of Economics, Kobe University.
    • Handle: RePEc:koe:wpaper:1639
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    File URL: http://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/2016/1639.pdf
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    References listed on IDEAS

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    1. Alessandro De Palma & Marco Faillo & Roberto Gabriele, 2023. "Decentralized Energy: How 100% Renewable Energy Regions Affect Households’ Saving Behavior," Discussion Papers of DIW Berlin 2055, DIW Berlin, German Institute for Economic Research.

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    More about this item

    Keywords

    Fractal geometry; Hurst exponent; market efficiency; chaos;
    All these keywords.

    JEL classification:

    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • E39 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Other
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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