Consumers’ preferences for electricity-saving programs: Evidence from a choice-based conjoint study

Hille, Stefanie Lena; Weber, Sylvain; Brosch, Tobias

doi:10.1016/j.jclepro.2019.02.142

Cited by 35 publications

(8 citation statements)

References 63 publications

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“…Save energy programs may be initiated by the government to bring awareness in the general public on how to reduce energy wastage and the government should provide incentives to the general public who successfully manage to reduce electricity wastages. (Hille et al, 2019). Private sectors should be encouraged to invest in renewable energy projects and government should offering tax reliefs to boost the usages of biofuels and renewable energies.…”

Section: Discussionmentioning

confidence: 99%

Do the electricity price shocks influence the Sectoral Production and KSE100 Index in Pakistan? An ARDL structural breaks approach

Khan

2021

JAEBS

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This research investigates the long-term cointegration of electricity price with sectoral production and equity market in Pakistan. Fourteen major industrial sectors and the KSE100 index is taken into consideration to determine the relationship. Literature in this regard is available but this research is distinct from previous literature for it tests the sectoral production and equity market relationship with electricity price change in Pakistan. Monthly data from 1st Jan 2011 till 31st Dec 2019 is taken for fourteen sectors from the sources of Quantum Index Pakistan Bureau of Statistics (PBS) and for KSE100 index from (www.investing.com). An Auto Regressive Distributed Lag (ARDL) model and bound test for multiple structural breaks has been applied. It is found that almost the production of all industrial sectors and KSE100 index stock prices are adversely affected by the electricity price shocks both in long-term and short-term. The study suggests that management should implement a moderate monitory policy that is neither more expansionary nor contractionary. The government should provide incentives to those who successfully control energy wastage. A mixed kind of energy policy is recommended with higher weightage to the development of renewable energies to reduce foreign exchange outflow with imported furnace oil. This study is limited to the sectoral production and equity market of Pakistan. A cross-sectional research is encouraged to compare the connection between major energy costs and macroeconomic variables in different countries.

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Section: Discussionmentioning

confidence: 99%

Do the electricity price shocks influence the Sectoral Production and KSE100 Index in Pakistan? An ARDL structural breaks approach

Khan

2021

JAEBS

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“…• Climate change mitigation policies for residential energy use [42] • Private investments in technologies [49], e.g. wind [47], solar thermal [56] • Electricity products [57], load control management/ domestic appliance curtailment contracts [58] • Smart meters [59], electricity saving products [60], energy pricing programs for demand side management [61] …testing the value of the attributes… Environmental aspects:…”

Section: Specifications Of the Studiesmentioning

confidence: 99%

Bridging the Gap: An Empirical Approach to Studying the Social Sustainability of Future Energy Systems

Schmidt-Scheele

Hauser

Scheel

et al. 2021

Preprint

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Background: Given the multitude of scenarios on the future of our energy systems, multi-criteria assessments are increasingly called for to analyze and anticipate long-term effects of possible pathways with regards to their environmental, economic and social sustainability. While economic and ecologic indicators are covered through energy systems modelling and life cycle sustainability assessments, approaches to the social sustainability of future energy systems remain methodologically under-developed. Previous studies have either focused only on the social acceptance of single energy technologies or used expert-based environmental and economic indicators with social implications. Approach and results: We argue that in order to gather empirical insights on the social sustainability of future energy systems and to integrate it in multi-criteria assessments, citizens’ preferences and values need to be more systematically analyzed while informing their decisions more transparently with full life cycle data. Given the lack of theoretical underpinnings of sustainability and of empirical insights into citizens’ perceptions of sustainability with respect to future energy systems, we further argue that an explorative research design is needed. Therefore, next to six focus groups, we conducted a discrete choice experiment. The method is currently becoming more popular to analyze individuals’ preference structures for energy technologies or investments. As we show in our paper, it can be fruitfully applied to study the values and trade-offs of citizens with regards to sustainability issues. Our combined empirical methods provide two main insights with strong implications for the future development and assessment of energy pathways: While environmental and climate-related effects significantly influenced citizens’ preferences for or against certain energy pathways, total systems and production costs were of far less importance to citizens than the public discourse suggests. Conclusions: Our findings are contrary to the focus of many scenario studies that seek to optimize pathways according to total systems costs. The role of fairness and distributional justice in transition processes featured as a dominant theme in all focus groups. This adds central dimensions for future multi-criteria assessments that, so far, have been neglected by current energy systems models.

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“…Identifying the diversity of consumer preferences is essential for developing effective market strategies. Knowing the characteristics of each consumer segment can help develop product and service differentiation that meets most consumer needs [22]. Through a better understanding of consumers, the gap between consumer preferences and a product portfolio can be eventually closed [9].…”

Section: Consumer Preference Heterogeneitymentioning

confidence: 99%

“…When analysing preferences for energy-saving behaviour, researchers were also interested in the heterogeneity of consumers. Recently, Hille et al [22] found heterogeneity in preferences for participation in electricity-saving programs defined by several attributes (i.e., goal setting, tailored feedback provision, and reward and penalty schemes) using a latent class approach. Consumer segments could then be categorised in terms of their psychographic and socio-demographic characteristics in order to effectively tailor marketing and communication programs.…”

Section: Consumer Preference Heterogeneitymentioning

confidence: 99%

Analysing Consumer Preferences, Characteristics, and Behaviour to Identify Energy-Efficient Consumers

2020

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This paper investigates preference heterogeneity among Slovenian energy consumers and attempts to ascertain how different consumer groups value various attributes of energy products and services. More specifically, it aims to establish whether a consumer segment can be identified that shows a preference for additional energy services—in particular services, associated with energy-efficient and green behaviour. A latent class analysis is employed to classify consumers on the basis of their preferences for energy services. Additionally, information about their attitudes and behaviour toward green energy and energy efficiency, energy consumption, and usage of energy services together with socio-economic characteristics is used in the latent class regression to explain differences between latent consumer classes. Three classes are identified: the largest class of regular consumers, energy-efficient consumers, and dissatisfied consumers. In contrast to regular and dissatisfied consumers, energy-efficient consumers show a significantly higher interest in additional services, energy efficiency, and green energy. In line with the found heterogeneity of consumer preferences, suppliers should customise marketing strategies to meet the needs of specific segments. Energy policymakers also need to pay more attention to consumer heterogeneity and behavioural changes to increase the effectiveness of energy efficiency policies.

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Consumers’ preferences for electricity-saving programs: Evidence from a choice-based conjoint study

Cited by 35 publications

References 63 publications

Do the electricity price shocks influence the Sectoral Production and KSE100 Index in Pakistan? An ARDL structural breaks approach

Do the electricity price shocks influence the Sectoral Production and KSE100 Index in Pakistan? An ARDL structural breaks approach

Bridging the Gap: An Empirical Approach to Studying the Social Sustainability of Future Energy Systems

Analysing Consumer Preferences, Characteristics, and Behaviour to Identify Energy-Efficient Consumers

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