We are happy to invite you to the research seminar by the Center for Economic Expertise. On November 30th Jūratė Jaraitė-Kažukauskė will present the topic „Prosumers and Behavioral Interventions”. in 402 room and MS Teams.
Numerous field experiments have proven that various behavioral interventions encourage households to decrease their energy use. However, with increasing numbers of prosumers who not only consume but also generate their own electricity and sell or store the surplus on the grid, it is unclear whether the same behavioral interventions are effective for this type of household. We conduct a country-wide randomized control trial with over 900 households equipped with smart meters, to test behavioral interventions that encourage prosumers both to reduce electricity use during critical peak hours and to reduce total electricity use. We cooperate with a national distribution company in Lithuania that provides feedback on household electricity use via a mobile application we have developed that delivers real-time responses to our behavioral interventions. We investigate two types of incentives—monetary information in the form of notifications about surge prices in the wholesale market and non-monetary informational incentives in the form of social comparisons—separately and together. We find that both types of interventions are effective in reducing average net electricity use and increasing average net electricity production during surge price periods. We find that the combination of critical peak price notifications and social comparison information exhibits the highest effectiveness in conservation behavior.
Information on the seminar
- Time: November 30, 14:00-15:00
- Venue: 402 room and MS Teams Click here
- Presenter: Prof. Jūratė Jaraitė-Kažukauskė, Senior Research Fellow, Center for Economic Expertise
- Topic: „Prosumers and Behavioral Interventions”
- Working language: English
The seminar is open to all - students, teachers, researchers. We invite you to learn more!