This report reviews the literature on the impact of real-time information provision on consumer decision-making. In addition, it describes the results of a study in which about 7000 households in Ontario, Canada were provided with in-home displays linked to smart meters that provided real-time feedback on electricity consumption. The results show that electricity consumption declines by about 3% as a result of information feedback, that the reduction in demand is sustained for at least five months, and that it is highly correlated with outdoor temperature.
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/leveraging-smart-grid-effect-real-time-information-consumer-decisions
[2] http://admin.indiaenvironmentportal.org.in/category/author/nicholas-rivers
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/oecd
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-efficiency
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/canada
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/household-energy