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

Hye Jeong Lee, Beom Jin Chung, Sung Yoon Huh

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

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.

Original languageEnglish
Article number3961
JournalEnergies
Volume16
Issue number9
DOIs
StatePublished - May 2023

Keywords

  • choice experiment
  • smart energy service
  • stated preference techniques
  • willingness to pay

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