We compare the effectiveness of social comparison nudges on energy consumption when residents pay for electricity and when electricity is included in monthly rent. Using a randomized control trial, our intervention uses digital messages (text and emails) to provide residents with home energy reports comparing their recent electricity usage with similar households. Our design allows…
Tag: Energy conservation
Do Consumers Want Smart Meters? Incentives or Inertia: Evidence from North Carolina and Lessons for Policy
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…