Next Article in Journal
Research on a Plug-In Hybrid Electric Bus Energy Management Strategy Considering Drivability
Next Article in Special Issue
The Impact of Substituting Production Technologies on the Economic Demand Response Potential in Industrial Processes
Previous Article in Journal
Online Speed Estimation Using Artificial Neural Network for Speed Sensorless Direct Torque Control of Induction Motor based on Constant V/F Control Technique
Previous Article in Special Issue
Analysis and Design of a Compound-Structure Permanent-Magnet Motor for Hybrid Electric Vehicles
Article Menu
Issue 8 (August) cover image

Export Article

Open AccessArticle
Energies 2018, 11(8), 2175; https://doi.org/10.3390/en11082175

The Effects of Dynamic Pricing of Electric Power on Consumer Behavior: A Propensity Score Analysis for Empirical Study on Nushima Island, Japan

1
Graduate School of Economics, Ritsumeikan University, 1-1-1 Noji-Higashi, Kusatsu, Shiga 525-8577, Japan
2
Faculty of Economics, Ritsumeikan University, 1-1-1 Noji-Higashi, Kusatsu, Shiga 525-8577, Japan
*
Author to whom correspondence should be addressed.
Received: 20 July 2018 / Revised: 17 August 2018 / Accepted: 18 August 2018 / Published: 20 August 2018
(This article belongs to the Special Issue Demand Response in Electricity Markets)
Full-Text   |   PDF [1928 KB, uploaded 20 August 2018]   |  

Abstract

This study aimed to investigate the change of consumer behavior in electric power consumption after the application of dynamic pricing via real-time feedback. Afield experiment of dynamic pricing was carried out on Nushima Island, which is located in Hyogo Prefecture in central Japan. The panel data of hourly electric power consumption among 50 households (including 22 control households and 28 treated households) were collected from a baseline survey (14 days before the dynamic pricing experiment was conducted) and during the 14-day experimental period. Propensity score analysis with local linear matching was employed to analyze the average treatment effects of dynamic pricing on consumer behavior. The results report that dynamic pricing plays a crucial role in reducing consumers’ electric power consumption—by 9.6% compared to the pre-experimental period. View Full-Text
Keywords: dynamic pricing; demand response; propensity score analysis; local linear matching dynamic pricing; demand response; propensity score analysis; local linear matching
Figures

Figure 1

This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).
SciFeed

Share & Cite This Article

MDPI and ACS Style

Ho, T.T.; Shinkuma, S.; Shimada, K. The Effects of Dynamic Pricing of Electric Power on Consumer Behavior: A Propensity Score Analysis for Empirical Study on Nushima Island, Japan. Energies 2018, 11, 2175.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Energies EISSN 1996-1073 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top