| Abstract: |
Prosumers are becoming increasingly important in global energy consumption and
production. We partner with an energy service provider in Sweden to explore
the economics facing such agents by conducting a natural field experiment over
a 32-month period. As a policy instrument, we explore how simple nudges affect
choices on both the consumption and production sides. Importantly, with the
added flexibility to influence both sides of the market, and with a rich data
set that permits an analysis of intraday, intraweek, and seasonal variation,
we can detail effects on overall conservation efforts, intertemporal
substitution, load shifting, and net purchases from the grid. The overarching
theme is that nudges have the potential to have an even greater impact on the
energy market with prosumers compared to their portmanteau components. |