Consumer Preferences for Smart Energy Services Based on AMI Data in the Power Sector
Energies
; 16(9):3961, 2023.
Article
in English
| ProQuest Central | ID: covidwho-2316434
ABSTRACT
Advanced metering infrastructure (AMI) is becoming increasingly popular as an efficient means of energy demand management. By collecting energy data through AMI, it is possible to provide users with information that can induce them to change their behavior. To ensure that AMI continues to expand and to encourage the use of energy data, it is important to increase consumer participation and analyze their preferred service attributes. This study utilized a choice experiment to analyze consumer preferences for and acceptance of smart energy services based on AMI data. The results of a mixed logit model estimation show that consumers prefer the electricity information service for individual households and the social safety-net service among convergence services. A scenario analysis confirms that monetary compensation to offset any additional charges is important to maintain the level of consumer acceptance. These empirical findings offer insights for policymakers and companies seeking to develop policies and similar services.
Energy; smart energy service; willingness to pay; stated preference techniques; choice experiment; Customer services; Consumer behavior; Electricity distribution; Households; Electric rates; Supply & demand; Empirical analysis; Energy demand; Energy consumption; COVID-19; Consumers; Electricity; Energy industry; Automatic meter reading; Participation; Pandemics; Telecommuting; Energy management; Tariffs; Preferences; Energy efficiency; Power supply; Logit models; Cost control; Coronaviruses; Disease transmission; South Korea; United States--US; Japan
Full text:
Available
Collection:
Databases of international organizations
Database:
ProQuest Central
Language:
English
Journal:
Energies
Year:
2023
Document Type:
Article
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