What Information Should Smart Meters Provide To Effectively Reduce Energy Consumption?

Andreas Gerster
Profile Picture of - Andreas Gerster

Andreas Gerster

Abstract information

The rollout of smart electricity meters is gathering pace in the EU as in the US. In this video, ANDREAS GERSTER asks what information smart meters should provide to bring about an optimal reduction in energy consumption. Comparing the effectiveness of aggregate data and appliance specific feedback, Gerster shows that more detailed information can help households to significantly limit their electricity use. Highlighting potential savings for German households of some €500-600M per annum, the research also develops a novel method of cost benefit analysis that can be used in settings where consumer misperceptions are an issue.

DOI:

https://doi.org/10.21036/LTPUB10900

Researcher

Andreas Gerster is the Acting Chair of Quantitative Economics at the University of Mannheim. Having completed his doctoral research at the Ruhr Graduate School of Economics, Gerster previously worked as a researcher at the RWI - Leibniz Institute for Economic Research. Gerster’s main research interests include environmental economics and public economics. He was joint recipient of the 2020 IIPF Young Economist Award.

Institution information

University of Mannheim (Universität Mannheim)

The University of Mannheim is frequently cited as the “Harvard of Germany,” primarily due to its world-class reputation in business administration and economics. Centered within the magnificent Mannheim Palace, one of the largest baroque buildings in Europe, the university provides a unique architectural setting for its academic pursuits. It is highly regarded for its research-driven curriculum and strong ties to the corporate sector, consistently ranking as the top German institution for social sciences and business. With a focused profile and a highly international outlook, it remains a premier destination for future leaders in finance, politics, and academia.
University of Mannheim (Universität Mannheim)
Cover Photo of - University of Mannheim (Universität Mannheim)

Original Publication

Disaggregate Consumption Feedback and Energy Conservation

Andreas Gerster

Published in

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Citation

Andreas Gerster, 

Latest Thinking, 

What Information Should Smart Meters Provide To Effectively Reduce Energy Consumption?, 

https://doi.org/10.21036/LTPUB10900, 

Credits:

© Andreas Gerster 

and Latest Thinking

This work is licensed under CC-BY 4.0