Consumer Preferences for Smart Energy Services Based on AMI Data in the Power Sector

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...

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Bibliographic Details
Main Authors: Hye-Jeong Lee, Beom Jin Chung, Sung-Yoon Huh
Format: Article
Language:English
Published: MDPI AG 2023-05-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/16/9/3961
Description
Summary: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.
ISSN:1996-1073